15th January 2025 Pre-Market Analysis

Introduction

This report provides an overview of the recent market performance, key economic indicators, and notable stocks in both bullish and bearish situations as of January 15th, 2025.

Key Points

1. Market News

• Global Markets:
  • GIFT Nifty suggests a positive start.
  • Nifty 50 & Sensex broke a four-day losing streak.
  • Asia-Pacific stocks advanced; Wall Street mixed.
• Commodities & Currencies:
  • Dollar index flat; Crude oil prices slightly up (WTI: $77.77, Brent: $80.10).
  • Gold fell marginally to $2,673/ounce; Silver down 0.5% to $29.80/ounce.
  • Indian Rupee at a record low of 86.65.

2. Technical Analysis

• Nifty-50:

  • Formed a Doji candlestick pattern indicating indecision.
  • Resistance levels: 23,242 | 23,273 | 23,322.
  • Support levels: 23,142 | 23,111 | 23,061.

  Bank Nifty:

  • Bullish candlestick after seven-day downtrend.
  • Resistance levels: 48,952 | 49,134 | 49,429.
  • Support levels: 48,362 | 48,180 | 47,885

3. Key Stocks to Watch

Bullish:

• Adani Green, IRFC, Welspun Corp, Shoppers Stop, Escorts Kubota, ASK Automotive, Blue Dart Express, Finolex Cables, Optiemus Infracom, Larsen & Toubro, Innova Captab, Dhani Services, Premier Energies, SAIL.

Bearish:

• Vedanta, Federal Bank, Syngene International, J&K Bank, Camlin Fine Sciences, Home First Finance Co.

Stocks in Focus:

• Earnings Results Today: Multiple companies including HDFC Life, L&T Technology Services, and more.
• F&O Ban: Bandhan Bank, Hindustan Copper, L&T Finance, others.
• Removed from F&O Ban: Manappuram Finance

4. Sector-Wise Analysis

• • Top NSE Sectors (Positive Performance): List not provided.
  • Volume Shockers (Nifty Next 50): ADANI POWER, ADANI GREEN ENERGY, POWER FINANCE, ADANI TOTAL GAS, ADANI ENERGY.

5. Long&Short Build Stocks

• Long Build-Up Stocks

  • Top 5: HCLTECH (+19.30%), PERSISTENT (+14.20%), LTTS (+13.10%), TTS (+12.00%), UNITDSPR (+9.90%).

  Short Build-Up Stocks

  • Top 5: CYIENT (+17.60%), GRANULES (+10.20%), ESCORTS (+10.10%), ADANIGREEN (+9.50%), OTHERS (+8.20%).

6. Additional Market Insights

• FIIs were net sellers (-₹8,132.26 Cr).
• DIIs were net buyers (+₹7,901.06 Cr).
• Put/Call Ratio (PCR): Indicates sentiment trends; values above 1 suggest bearish sentiment.

Conclusion

The market is set for a cautious start with mixed signals from international markets and local economic indicators. Investors should continue to monitor key stocks and market indices for potential movements in both bullish and bearish directions, keeping an eye on upcoming economic data and geopolitical events.