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.
With 30+ years of equity expertise and dedicated advisors at your service, access investing opportunities in 550+ cities across 2200+ locations.
[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Desk.
[00:00:05] We will be covering technical and derivatives FII's activity, index actionable sectors
[00:00:10] and stocks to watch out.
[00:00:12] So stay tuned till the end.
[00:00:14] Hey, this is your host Shivangi Sardha and to start with our first segment for Thursday
[00:00:30] 6th June 2024.
[00:00:32] Nifty Index opened positive above 22,100 and witnessed recovery right from the start
[00:00:38] of the session.
[00:00:39] Bulls were seen supporting the index near 21,800 and it went on to cross 22,650.
[00:00:48] Flicks were larger than usual and it closed with massive gains of around 740 points.
[00:00:55] India Wicks crashed by around 30% to 19 levels.
[00:01:00] Volatility cooled off and converted the bulls for a smart recovery in the market.
[00:01:05] Pupul ratio increased to 0.75.
[00:01:09] This fall in India Wicks along with rising PCR indicates that strong support-based buying
[00:01:14] is visible.
[00:01:16] Option data suggests brought out trading range in between 21,500 to 23,200 while immediate
[00:01:24] range is in between 22,200 to 22,900.
[00:01:30] Moving on to the second segment, in the equity cash market, FII's were net sellers to the
[00:01:35] tune of 5,656 crores while DII's were buyers worth 4,555 crores.
[00:01:43] FII's long-short ratio increased to 17.5%.
[00:01:49] Going ahead with the index actionable, derivative data and price setup suggests Nifty has to
[00:01:54] hold above 22,500 for an up-move towards 22,850 then 23,000 zones where his supports are placed
[00:02:03] at 22,350 then 22,222.
[00:02:09] Bank Nifty has to continue to hold above 48,500 for a bounce towards 49,500 then 50,000
[00:02:16] levels while on the downside support is seen at 48,500 then 48,250.
[00:02:24] And finally talking about the sectors and stocks to watch out, positive stance was seen
[00:02:29] in all sectors across board.
[00:02:33] So stocks which are showing strength are FMCG which could provide safety and stability
[00:02:40] among which is Kholpal, Mariko, Dabur, Kodhrit CP and Tata Consumer.
[00:02:47] Nifty Auto is at its lifetime high and auto stocks which are on radar include Hero
[00:02:52] Motor Corp, Barge Auto, Escorts, M&M and TVS Motor.
[00:02:59] From the consumption space we have UBL, McDowell, Trend and APF RL.
[00:03:05] Wish you a great trading day ahead.
[00:03:07] For more such detailed analysis don't forget to follow this podcast.
[00:03:12] This is Shivangi Sardar signing off.
[00:03:28] Investment and securities market are subject to market risk.
[00:03:31] And all the related documents carefully before investing.