Indian Market in Minutes with Motilal Oswal

Nifty’s Key Levels & Market Insights – Feb 6, 2025


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The Indian stock market opened on a positive note today, driven by a strong recovery in the US markets and speculation of a Federal Reserve rate cut. Will the RBI follow suit? πŸ“‰πŸ“ˆ

πŸ‘‰ Key Highlights:

βœ”οΈ Nifty Update – Opened near 23,800, saw consolidation, & key support at 23,650

βœ”οΈ Bank Nifty Levels – Needs to hold 50,000 for upside moves

βœ”οΈ FII/DII Activity – FIIs sold β‚Ή1,683 Cr, DIIs bought β‚Ή996 Cr

βœ”οΈ Options Data – Immediate range: 23,500 - 24,000

βœ”οΈ Top Stocks to Watch: βœ… Angel One, MCX, HDFC Bank, Biocon ❌ Asian Paints, ITC, Nestle

πŸ“Š Trading Strategy: Nifty must stay above 23,650 to push toward 24,000, while Bank Nifty targets 50,500+ if support holds.

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Indian Market in Minutes with Motilal OswalBy Motilal Oswal