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December 31, 2024

Nifty Weakens, Sectors in Focus

2 minutes

Discover what’s shaping the Indian markets today! From Nifty’s bearish trend to must-watch sectors and stock picks, we’ve got your daily dose of actionable market insights.

"In today’s episode, Shivangi Sarda breaks down global trends and market updates for Tuesday, 31st December 2024:

Nifty opened on a negative note, slipping to 23,600 zones, forming a bearish candle on the daily chart.

Option data highlights a trading range between 23,200 to 24,200 zones.

FIIs remain net sellers at ₹1,893 crores, while DIIs were net buyers at ₹2,174 crores.

Actionable Insights:

Nifty and Bank Nifty key levels indicate possible bearish movements.

Stocks to watch with a positive setup include Biocon, Divis Lab, and United Spirits.

Weakness expected in SBI Card, Hindalco, and HAL.

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Investment and securities markets are subject to risks. Read all related documents carefully before investing.

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By Motilal Oswal