Nifty ends with smart gains thanks to a technical rebound and bargain-hunting after yesterday’s nightmarish bearish fall.

*Closing Bell ——Tuesday, January 14th 2025*

*Aaj Market Main Kya Hua —— Tuesday, January 14th 2025*

*Review & Preview @4PM —— Tuesday, January 14th 2025*

NIFTY (+90, 23176)
Sensex (+170, 76500)
Bank Nifty (+687, 48729)

Nifty edges up with small gains helped by bargain hunting.

The positive takeaway is that investors are still looking for value stocks at lower levels. But that said, buyers are still not coming at large at lower prices.

Amidst this backdrop, the ability of benchmark Nifty to rally substantially higher from current levels is very less.

Meanwhile, Nifty Metal index was star out performer for the day, up 4%

The said optimism was on backdrop of improving leads from Chinese and Hong Kong stock markets. Chinese stocks were at 2-months high as traders eye a press conference by the People’s Bank of China (PBoC) this Tuesday to see if Beijing will step up efforts to shore up the economy and defend its currency.

Sentiments were also buoyed on reports that Chinese banks have extended CNY 990 billion in new yuan loans in December, above CNY 580 billion in November and forecasts of CNY 850 billion.

Also, sentiments were helped by reports suggesting that the Trump administration is considering a more gradual approach to tariffs, potentially ramping them up incrementally.

Long Story short: Thanks to Nifty’s technically oversold conditions, bulls were seen regrouping at lower levels.

# Going forward, the 3-big catalysts on investors radar:

1) Investors remain on high alert ahead of US PPI and CPI inflation reports on Tuesday, January 14th and Wednesday, January 15th.

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:

1) Biocon (+6%) shares were in limelight after USFDA clears Malaysia unit.

# Sentimental Overview:

# India VIX ends at 15.48, down 3.23%. At last check, USD/INR was at 86.64.

# The broader markets were mirroring Nifty’s rebound action. The S&P BSE Mid-Cap index zoomed 2.41% higher and the S&P BSE Small-Cap index flared up 2.22%.

Meanwhile, the 3-big catalysts:

1) Investors remain on high alert ahead of US PPI and CPI inflation reports on Tuesday, January 14th and Wednesday, January 15th.

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

# 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.

# Outperforming Nifty Sectors:
Nifty PSU BANKS (+4.58%)
Nifty METAL (+4.01%)
Nifty PSE (+3.51%)
Nifty MEDIA (+3.1%)
Nifty Energy (+3.10%)

# Underperforming Nifty Sectors:
NIFTY IT (-2.03%)
NIFTY FMCG (-1.27%)

# Bulls of the day:
ADANIENT (+7.05%)
ADANIPORTS (+5.25%)
SHRIRAMFIN (+4.92%)
NTPC (+4.73%)
HINDALCO (+4.72%)

# Bears of the day:
HCLTECH (-8.52%)
HINDUNILVR (-3.35%)
APOLLOHOSP (-1.81%)
TITAN (-1.41%)
INFY (-1.23%)
(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.

 

 

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