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 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.
[00:00:22] Okay, this is your host Shivanki Sardar and to start with our foreign players, the market
[00:00:27] is expected to open on a week-node due to significant decline in the global market.
[00:00:31] The US market experienced a sharp drop of up to 2% after another disappointing job report
[00:00:38] data, which raised concern about a pooling US economy.
[00:00:43] The S&P 500 and the Dow saw the largest weekly decline since March 2023, while the Nasdaq
[00:00:50] recorded its biggest weekly drop, almost around 5%, since January 2022.
[00:00:56] Dow has been making lower highs from the last four trading sessions.
[00:01:00] Now coming back to the Indian market to start with our first segment for Monday 9 September
[00:01:05] 2024, Nifty index opened negative on Friday and slipped sharply in the first stick and
[00:01:11] witnessed a domino effect throughout the day.
[00:01:14] Now it slipped by almost 370 points during the day and closed near 24,850 marks.
[00:01:21] Now it found a bearish candle on the daily frame and a bearish engulfing candle on
[00:01:26] the weekly basis to close near its lower band.
[00:01:30] Itaewix was up by 6.5% to 15.2%.
[00:01:34] CBOE VIX has also spiked from 15 to 24 levels in the last four trading sessions.
[00:01:41] Now Nifty put call ratio decreased to 0.92.
[00:01:44] Indian volatility spiked above 15.5 levels and created discomfort for the bulls.
[00:01:51] Option data suggests a broader trading range in between 24,400 to 25,300, while immediate
[00:01:58] range is in between 24,700 to 25,200.
[00:02:03] Moving on to the second segment in the equity cash market, FIIIs were net sellers to the
[00:02:09] Turox 621 crores, while TIIIs were buyers worth 2,122 crores.
[00:02:16] FIIIs index long shot ratio decreased to 64.7%.
[00:02:21] Going ahead with the index actionable, Debitus data and price setup suggests, till Nifty holds
[00:02:27] below 25,000 some more weakness could be seen towards 24,650 then 24,500, while huddles
[00:02:35] are placed at 25,000 then 25,150.
[00:02:39] Till the time bank 50 holds below 51,000 some more weakness could be seen towards 50,250
[00:02:46] then 50,000 levels, while on the upside huddle can be seen at 51,000 then 51,250.
[00:02:53] And finally talking about the sector's stocks to watch out, Prof and booking was seen across
[00:02:59] board in most of the sectors.
[00:03:01] Now stocks to keep on radar, positive starts can be seen in some of the stocks like
[00:03:06] Co-Porge, SPI Knights, Titan, SPI Card, Alchem, Bajaj Finance and Hindustan Unilever.
[00:03:13] Better to go with the FMCG and consumption names.
[00:03:16] While weakness can be seen in Bale, Kanbank, Bank of Barota, DNF, Federal Bank, PNB, Excite
[00:03:23] Industry, BEL, Batal, Kail, Concord and RPL Bank.
[00:03:29] Wish you a super trading day ahead with some volatile cues.
[00:03:32] Shivangi Sardar, Steining off.
[00:03:35] Follow this podcast for solid advice.