In this episode, the host, Shivangi Sarda, provides a comprehensive analysis of the market’s current state and future potential.
Key segments cover technical insights, FII activity, index actionable, and sectors to watch, highlighting Nifty's potential highs, volatility impact, and strong stocks.
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal Research Dev.
[00:00:05] We will be covering technical and derivatives SIS activity, index, actionable, sectors and
[00:00:10] stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:21] Hey, this is your host Shabal Gisarda and let's look at what happened global.
[00:00:26] Market is anticipated to open on a positive note following a record high closing of Dow
[00:00:32] Jones index on Monday and a drop in the US Dollar Index to a 14-month low.
[00:00:38] This declined, as sparked hopes that the US Fed Reserve might cut interest rates for the first
[00:00:43] time since 2020, which could boost market sentiment.
[00:00:47] To start with, our focus segment for Monday 16th of September 2024, Nifty index opened
[00:00:53] positive above 25,400 at a touch of fresh all-time high of 25,445 months.
[00:01:00] It remained consolidated within a range of 100 points throughout the day.
[00:01:04] It respected a support of 25,300 and formed a small-bodied bearish candle on the daily frame
[00:01:11] with longer shadows.
[00:01:12] India's risk was down by around 1% to 12.4 levels.
[00:01:17] Nifty put corduaries showed degrees to 1.26.
[00:01:21] Option data suggests a broader trading range in between 24,900 to 25,800, while immediate
[00:01:28] range is between 25,200 to 25,600.
[00:01:34] Moving on to the second segment in the equity-cash market, FRIs were net sellers to the tune of
[00:01:40] 1,635 crores, while DRIs were buyers worth 754 crores.
[00:01:46] FRIs indexed long-short ratio increased to 67.8%.
[00:01:51] Going ahead with the index actionable, derivatives data and price setup suggests
[00:01:55] Nifty has to hold above 25,350 for and up-cloth towards 25,550, then 25,750 levels,
[00:02:05] while supports can be seen shifting higher at 25,250 than 25,100.
[00:02:11] Back Nifty has to continue to hold above 51,900 for and up-cloth towards 52,350,
[00:02:18] then 52,750. While on the downside support can be seen at 51,900, then 51,600.
[00:02:28] And finally talking about the sectors and stocks to watch out, positive starts were
[00:02:33] seen in capital market stocks, metal and mining, selective bag and a whole lot of mixed bag across
[00:02:39] the board. The stocks to keep on radar today the market is likely to trade with an
[00:02:44] uproader range due to the anticipated US Fed rate decision announcement tomorrow,
[00:02:50] with the full impact on the domestic equity market expected on Thursday.
[00:02:54] Now stock and sector specific movements will persist a rally in the global market,
[00:03:00] stable oil prices and sustained buying interest from the DRIs and FRIs should positively influence
[00:03:07] market sentiment. Now positive setup can be seen in capital market stocks like
[00:03:12] PSE, MCX, CDSL and selected AMC and broken companies. From the IT space we have Dixon which is
[00:03:20] resonant at the higher source. From the metal pack we have Malco, JSW Steel and Hick Copper making
[00:03:26] a perfect bottom. Apart from this we have Intigo, PVR, Inox, Mariko, UBL, McTauble and
[00:03:34] Jubilant Food Nooking quite positive. Wish you a super trading day ahead.
[00:03:39] Shivaki Sarda, Saidi Gov. Follow this podcast for solid advice.