*Review & Preview @4PM —— Wednesday, January 15th 2025*

NIFTY (+37, 23213)
Sensex (+224, 76724)
Bank Nifty (+23, 48752)

# Nifty Bulls Hold Their Nerves. The Big Question: For How Long?

# Strictly speaking, Nifty and its stocks traded unusually calm in today’s trade — making aggressive bulls’ bit more nervous.

# Actually, Dalal Street is looking more risker and the discomfort at perma-bulls camp is primarily compounded by murmurings of:

1) FIIs persistent selling. (This January so far, they have sold to the tune of Rs. 34,382.60 crores.

2) Oil prices are on tear, now at $78 a barrel.

3) The street is awaiting possible comments from President-elect Donald Trump over gradual tariff implementation.

4) Concerns over inflationary policies under President-elect Donald Trump also added to the cautious outlook.

5) Investors remain on high alert ahead of US CPI inflation reports on Wednesday, January 15th at 8:30 AM EST.

6) The US Dollar index flirting with 110 levels, the highest level since October 2022, driven by a stronger-than-expected December jobs report.

7) The US 10-year has spiked higher to 4.79%, the highest in 14-months.

 

# Our call of the day suggests turbulence and rocky environment will continue to be the preferred theme until FIIs return to their buying desk.

# Long Story short: Caution continues to be the buzzword.

# Going forward, the 2-big catalysts on investors radar:

2) The Federal Open Market Committee’s next policy meeting on January 28-29.

3) Delhi Assembly election voting on Feb 5th, results on Feb 8th

# Buzzing stocks:

# Amongst stock specific news, Bajaj Finserv dropped 2.5% on media reports that it may break its 25-year-old ties with Allianz in H1CY25, possibly as soon as this March-end.

# Sentimental Overview:

# Meanwhile, in today’s trade: India VIX ends at 15.25, down 1.42%. At last check, USD/INR was retracing down to 86.33.

# The broader markets were too calm mirroring Nifty’s wavered action. The S&P BSE Mid-Cap index ended 0.35% higher and the S&P BSE Small-Cap index inched up 0.43%.

# Technical Overview:

# Technically speaking, Nifty continues to trade way below its 200 DMA and also below its 200 EMA.

# The bearish daily technical setup shall exacerbate more pain below psychological 23000.

Below Nifty 23000, the next inter-month supports are placed at 21281 mark (June 4th Election day low).

# Confirmation of strength only on any close above Nifty 23900.

Investor Premium Services

checkoutnew

# Outperforming Nifty Sectors:
Nifty REALITY (+1.26%)
Nifty PSE (+1.06%)
Nifty INFRA (+1.05%)
Nifty IT (+0.84%)

# Underperforming Nifty Sectors:
NIFTY MEDIA (-1.35%)
NIFTY PHARMA (-1.10%)

# Adv-Dec 27—23
# INDIA VIX 15.25 (-1.42%)
# NIFTY PCR (16th JAN) 0.72
# NIFTY PCR (30th JAN) 1.02

# Bulls of the day:
NTPC (+4.01%)
TRENT (+3.86%)
POWERGRID (+2.88%)
KOTAKBANK (+2.14%)
MARUTI (+1.91%)

# Bears of the day:
M&M (-2.90%)
AXISBANK (-2.53%)
BAJAJFINSV (-2.26%)
BAJFINANCE (-2.21%)
SHRIRAMFIN (-1.77%)
(Source NSSEINDIA.com)

 

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

More Posts

Open chat
1
LotusFunds
Hello 👋
Can we help you?