21st 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 21st, 2025.

Key Points

1. Market News

• • • GIFT Nifty trading lower, indicating a negative start.
    • Benchmark indices recorded third consecutive losses due to underperformance of HDFC Bank & ICICI Bank.
    • Asian markets opened lower due to Japan’s inflation hitting a 1-year high (4% YoY in January).
    • US markets closed lower due to Walmart’s downbeat forecast.
    • USD Index (DXY): Up 0.06% at 106.43.
    • Crude Oil Prices:
      • WTI: $72.69 (+0.29%)
      • Brent: $76.67 (+0.25%)
    • Gold Prices:
      • Spot Gold: $2,941.25
      • US Futures: $2,956.60 (Heading for 8th weekly gain)
    • Indian Rupee: Strengthened to 86.95 against USD.
    • .

2. Technical Analysis

Nifty-50

• Formed a bullish candlestick with a strong recovery from the day’s low.
• Still below key moving averages despite bullish signal.
• Support Levels: 22,926 | 22,952 | 22,994
• Resistance Levels: 22,841 | 22,815 | 22,772

Nifty Bank

• Formed a Doji-like pattern, indicating indecision.
• Declined by 0.5% and struggled to hold above short-term moving averages.
• Support Levels: 49,430 | 49,502 | 49,619
• Resistance Levels: 49,197 | 49,125 | 49,009

3. Key Stocks to Watch

Bullish Stocks

• NTPC Green Energy signed an MoU with Bharat Light & Power for green hydrogen projects.
• Gamco Ltd announced a bonus issue (5 additional shares for every 4 held).
• Narayana Hrudayalaya is developing a ₹900 crore hospital project in Kolkata.
• Tata Steel acquired 191 crore equity shares of T Steel Holdings for $300 million.
• JM Financial received a ₹230 crore tax refund.
• Mahindra & Mahindra raised ₹3,000 crore for MMFSL and ₹1,500 crore for Mahindra Lifespace.
• ITI Ltd received ₹100 crore from C-DoT for land sale.
• ONGC aims for 60% production boost in Mumbai High with BP.
• Vedanta is seeking global bids for a 5GW nuclear project.
• Zen Technologies invested $10M in US expansion.

Bearish Stocks

• Berger Paints: To be removed from F&O segment on April 25.
• Amara Raja Energy & Mobility: To be removed from F&O segment on February 28.
• Aarti Pharmalabs: Promoter sold 1.05 lakh shares (Feb 18-20).
• Stock in F&O Ban: Manappuram Finance.
• Stocks Removed from F&O Ban: None.

4. Sector-Wise Performance (Past Week)

• Top Gaining Sectors
  • Nifty Capital Market Index (+3.10%)
  • Nifty CPSE (+2.20%)
  • Nifty PSE (+2.20%)
  • Nifty Metal (+2.00%)
  • Nifty Energy (+1.80%)

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

• NHPC (+22.50%)
• JSW Energy (+21.30%)
• Godrej CP (+18.80%)
• InterGlobe Aviation (+16.30%)
• Avenue Supermarts (+15.00%)

5. Long Build-Up Stocks

• Nykaa (+22.70% OI Change)
• HCL Tech (+13.60%)
• Torrent Pharma (+13.20%)
• HDFC Bank (+11.10%)
• Laurus Labs (+10.10%)

Short Build-Up Stocks

• Chambal Fertilizers
• BSE
• Naukri
• Supreme Industries
• Tata Steel

6. FII & DII Data

• FIIs: Net sellers of ₹3,311.55 crore (Feb 20, 2025).
• DIIs: Net buyers of ₹3,907.64 crore (Feb 20, 2025).

7. Breakout Pulse Stocks (Potential Bullish Breakout)

• Medanta (₹1,206, +4.96%)
• Chambal Fertilizers (₹561, +4.57%)
• Suven Pharma (₹1,211, +4.42%)
• Avanti Feeds (₹713, +3.83%)
• Mahanagar Gas Ltd (MGL) (₹1,342, +3.78%)

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.