Nifty Reaches New Heights- A Record-Breaking Day

[Music] welcome to Indian market admes from moal oswal research desk we will be covering Technical and derives SI activity index actionable sectors and stocks to watch out so stay tuned till the [Music] end this is your shagi sard and to start with our first segment for Thursday 29th August 2024 Nifty index open flattish and after the slight dip in the initial it witnessed good buying de asra in touched a fresh or time high of 2,120 D the second half gave up B ofits at TR gains and for DOI sort of a CLE of the daily frame but it has given the highest ever close of the daily bases the index has been shifting its base higher gradually and making higher highs from the last three sessions it Wix was up by 2 and 1/2% to 4 levels Nifty put call ratio slightly decreased to 1.21 now volatility has been aging higher from the last three or sessions but is overall at its lower base and supporting the Bulls to buy at higher solds option data suggest a broader trading range in between 24,700 to 25,500 while immediate range is in between 24,900 to 25,300 levels even though volatility is at a slow L level but we may witness swings due to the monthly expiry moving on to the second segment in the equity cash Market fii were net sellers to the tune of 1348 CR while diis were buyers worth 439 cres fbii index long short ratio increased to 61 12% gold traded just below its record high levels on course of a monthly can ahead of the US inflation data that may help to clarify by the phas at which the Federal Reserve will ease policy going ahead with the index actionable deit is data at Price setup suggest Nifty has to continue to hold above 25,000 for up move towards 25250 then 25350 while support can be placed at 24950 then 24,800 Bank Nifty has to continue to hold above 51,000 for an up move towards 51,500 then 5175 while on the downside support can be seen at 51,000 then 50,800 and finally talking about the sectors and stocks to watch out positive stance was seen in Pharma and it stocks which took over the market now stocks to keep on radar from the IG space we have vipro infosis ltts persistent systems and India bir from the farmer we have granes DV slab Alum Toren Faba Lupin SFA and Sia looking quite positive some of the other names we have from the auto B Auto power space we have PFC and I which are looking quite promising weakness could be seen in some of the stocks like abfrl ban Bank Marico uja C excite IND dustry andani Enterprises Concord BNB britania SBI ACC and Federal Bank I wish you a super trading day and a great monthly expiry ahead shangi sarda signing off follow this podcast for AIT [Music] advice investment and securities Market are subject to Market risk read all the related documents carefully before investing