December 13, 2024

Nifty's Bearish Trend and RBI Policy Insights

3 minutes

Join Shivangi Sarda as she unpacks today’s market trends, FIIs' movements, and stock recommendations. In today’s episode of Indian Market in Minutes, we analyze Nifty’s bearish trend, explore RBI’s potential rate cuts, and share actionable insights for your trading strategy.

Main Content:

Global markets show weakness, and FIIs continue their selling streak.

RBI’s dovish outlook hints at rate cuts in 2024.

Nifty slips to 24,527 zones with a bearish daily candle, consolidating within a tight range.

Bank Nifty levels to watch: 53,000 for support, with potential for 54,000.

Stocks to watch today: Positive setups in Coforge, Bajaj Finance, Persistent, and Polycab; weaknesses seen in Hindustan Unilever, Cipla, and Indus Tower.

Option data suggests a trading range between 24,400 to 24,800 for Nifty.

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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.

#NiftyToday #StockMarketUpdates #RBI #TradingTips #StocksToWatch #BankNifty #EquityMarket #FIISelling #IndianMarkets #StockRecommendations

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By Motilal Oswal