Welcome to Indian Market in Minutes from the Motilal Oswal Research Desk! In today's episode, we dive into the latest market trends and insights you need to know.
Global markets are causing a ripple effect on India's performance, with concerns about the potential US tariffs and continued FII selling affecting market sentiment. Nifty has been stuck in a range, with some wild swings, and it’s important to understand the key support and resistance zones for today’s trading.
Tune in for more actionable market advice to stay ahead of the curve!
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[00:00:00] Welcome to Indian Market in Minutes from Motilal Oswal's research desk. We will be covering technical and derivatives, SII's activity, index, actionable sectors and stocks to watch out. So stay tuned till the end. Hey, this is your host Shivanki Saarda and let's look at what happened globally.
[00:00:26] Market is expected to open on a weak note due to concerns over global market performance, the potential for the US to impose reciprocal tariffs on India and continued FII selling. To start with our first segment for Monday, 24th February 2025, Nifty index opened negative and witnessed a sharp decline in the first tick and then recovered thereafter.
[00:00:49] It saw some range-bound move with some wild swings towards the end where it broke its morning low and touched 22,720 marks. Index has got stuck and consolidating in a range of around 300 points from the last five training sessions. It formed a bearish candle on the daily frame and a doji sort of a candle on the weekly basis with longer upper shadow.
[00:01:13] The index is witnessing a breather near 22,700 zones but absence of follow-up is creating some rejection at the higher zones. Now, India Wix was down by around 1% to 14.5 levels. Nifty put-call ratio decreased to 0.82.
[00:01:30] Option data suggests a broader trading range in between 22,300 to 23,300, while immediate range is in between 22,600 to 23,100 levels. Moving on to the second segment in the equity cash market, FIIs were net sellers to the tune of 3,349 crores, while DIIs were buyers worth 2,885 crores.
[00:01:57] FII's index long-short ratio decreased to 15%. Going ahead with the index actionable, derivative zeta and price setup suggest, if Nifty manages to cross and hold above 22,850, then bounce could be seen towards 23,150 marks, while support can be seen at 22,600.
[00:02:18] If Bank 50 manages to cross and hold above 49,000, then bounce could be seen towards 49,500, while support can be seen at 48,500. And finally, talking about the sectors and stocks to watch out, positive setup can be seen in JSW Energy, LTTS, Nalko, Hindalco, Polycap, Tata Steel, Lodha and NMDC.
[00:02:43] While some weakness continues in M&M, Biocon, TVS Motor, IPCA Labs, Coforge, Godrej Properties and BPCL. Wish you a super trading day and a lovely week ahead. Shimangi Sardar Sainagov, follow this podcast for solid advice.
[00:03:12] Investment and securities market are subject to market risk. Read all the related documents carefully before investing.