17th February 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 February 17th, 2025.

Key Points

1. Market News

• • • GIFT Nifty indicates a positive start.
    • NSE Nifty 50 & BSE Sensex faced 7 consecutive sessions of losses due to Infosys Ltd & HDFC Bank Ltd. impact.
    • Asian equities showed declines despite Wall Street gains.
    • S&P 500 dropped due to a higher-than-expected US inflation report.
    • CVS Health & Gilead Sciences surged after strong quarterly results.
    • US bond yields remained flat after the previous rally.
    • US dollar stabilized due to mixed global cues.
    • Malaysian Ringgit led the gain in Asian currencies.
    • Oil prices remained steady amid Russia-Ukraine peace talks.
    • Gold prices increased amid global trade concerns.
    • Indian Rupee closed flat at 86.89 against the USD.

2. Technical Analysis

Nifty-50

• Formed a small-bodied bearish candlestick with a long upper shadow.
• Below all key moving averages.
• RSI at 40.17 (bearish zone).
• MACD below zero, signaling further downside.

Support & Resistance Levels

• Support: 22,809 | 22,724 | 22,587
• Resistance: 23,083 | 23,168 | 23,305

Bank Nifty

• Formed a bearish candlestick with a long upper wick (indicating selling pressure).
• RSI low, MACD below zero (bearish momentum).
• Holding Bollinger Bands’ midline & 50% Fibonacci retracement.

Support & Resistance Levels

• Support: 48,804 | 48,598 | 48,264
• Resistance: 49,471 | 49,677 | 50,010

Change in Open Interest

• High Call OI = Resistance level.
• High Put OI = Support level.
• Increase in Call OI = Bearish sentiment.
• Increase in Put OI = Bullish sentiment.

3. Key Bullish Stocks to Watch

• TCS: IT transformation deal for UPM.
• Mahindra Lifespaces: ₹1,500 crore rights issue.
• Piramal Enterprises: ₹450 crore NCDs at 9.10% coupon.
• Manappuram Finance: Raising $2 billion via global notes.
• Bank of Baroda: ₹8,500 crore qualified institutional placement.
• Ultratech Cement: 0.6 MTPA capacity expansion.
• United Breweries: ₹750 crore greenfield brewery in UP.
• Bank of Maharashtra: IFSC banking unit in GIFT City.
• Apollo Pipes: 6 lakh shares at ₹50 each.
• TVS Motor: Purchased 67.1 lakh shares at ₹159.42.
• Hexaware Technologies IPO: 0.15x subscribed on day 2.
• Quality Power Electrical Equipments IPO: ₹401-₹425 price range.

Key Bearish Stocks to Watch

• KIOCL: 67.2% revenue drop (₹181 crore); ₹47.79 crore net loss.
• Deepak Nitrite: Revenue down 5.28%; Net profit down 51.48% (₹98 crore).

Earnings Results Today

• Aditya Birla Fashion, Borosil Renewables, Glenmark Pharma, Rail Vikas Nigam, Uflex, etc. (Full list in document).

4. Sector-Wise Performance (Top 5 in Last Week)

• NIFTY Financial Services
• NIFTY Private Bank
• NIFTY FMCG
• NIFTY IT
• NIFTY 200

Volume Shockers (Stocks with Volume >1.5x Last Week’s Avg)

• Bank of Baroda (CMP: 205)
• Zydus Lifesciences (CMP: 901)
• Havells (CMP: 1498)
• LTIMindtree (CMP: 5511)
• Shree Cements (CMP: 28556)

5. Long Build-Up Stocks (Top five based on futures open interest change)

• Deepak Nitrite (+54.80%)
• Glenmark (+12.10%)
• Phoenix Ltd (+11.90%)
• BSE (+8.40%)
• Kalyan Jewellers (+7.10%)

6. FIIs & DIIs

• FIIs: Net sellers (₹-4,294.69 Cr on 14th Feb 2025).
• DIIs: Net buyers (₹4,363.87 Cr on 14th Feb 2025).

7. Breakout Pulse Stocks

• Top 5 Nifty 500 stocks showing 2-5% price uptrend with favorable volume movements & RSI balance.
• No stocks listed for today.

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.