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 22nd, 2025.
Key Points
1. Market News
- GIFT Nifty indicates a positive start.
- Indian indices hit lowest levels since June crash.
- Asian markets show gains due to AI investments.
- US Treasury yields and Dollar Index trends.
- Crude oil, gold, and silver remain stable.
- Indian Rupee weakened marginally against USD.
2. Technical Analysis
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Nifty-50
- Bearish trend with RSI at 35.37.
- Key support levels: 23,314, 23,420, 23,592.
- Key resistance levels: 22,971, 22,865, 22,693.
Nifty Bank
- Bearish engulfing candlestick pattern.
- Key support levels: 49,273, 49,536, 49,961.
- Key resistance levels: 48,423, 48,161, 47,736.
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3. Key Stocks to Watch
Key Bullish Stocks
- JSW Group: ₹3-lakh crore investment in Maharashtra.
- Neuland Laboratories: ₹342 crore approved for expansion.
- HCLTech: New delivery center in Hyderabad.
- Centum Electronics: €2 million investment.
- JK Tyre: $100 million sustainability-linked loan.
Key Bearish Stocks
- Cyient DLM: Net profit dropped 40.8%.
- Hester Biosciences: ₹32.5 lakh GST penalty.
- Vedanta: ₹22 lakh GST demand order.
- Zydus Lifesciences: ₹16.6 lakh penalty.
- Vodafone Idea: ₹8.9 crore GST demand order.
4. Sector-Wise Analysis
- Top 5 performing sectors in NSE over the past week.
- Top 5 volume shocker stocks from Nifty Next 50.
5. Stock Analysis
Long Build-Up Stocks
- DIXON, MGL, OBEROIRLTY, CAMS, KEI
Short Build-Up Stocks
AARTIIND, DALBHARAT, TATACONSUM, BERGEPAINT, APOLLOHOSP
6. Stocks in F&O Ban
- Stocks in ban: Aditya Birla Fashion & Retail, Angel One, Dixon Technologies, and others.
- Stocks removed from ban: None.
7. FII & DII Activity
- FIIs: Net sellers (₹5,920.28 Cr on Jan 21).
- DIIs: Net buyers (₹3,500.32 Cr on Jan 21).
8. Breakout Pulse Stocks
- CENTURYPLY: +3.28% increase.
- AAVAS: +2.08% increase.
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.
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