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 24th, 2025.
Key Points
1. Market News
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- GIFT Nifty trading lower, indicating a weak opening.
- Nifty & Sensex fell for the fourth consecutive session, with M&M and ICICI Bank underperforming.
- Asian markets declined due to weak U.S. economic data.
- US stocks continued selling pressure, influenced by economic slowdown and inflation fears.
- 10-year US Treasury yield fell to 4.43%, 2-year yield to 4.19%.
- US dollar weakened, while most Asian currencies strengthened.
- Oil prices dropped over $2 per barrel due to fading Middle East risk fears.
- Gold prices eased after profit booking.
- Indian rupee closed lower at Rs 86.71 against USD.
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2. Technical Analysis
Nifty-50
- Bullish candlestick pattern formed, showing recovery from day’s low.
- Still below all key moving averages, indicating bearish control.
- Key Support Levels: 22,889 | 22,936 | 23,013
- Key Resistance Levels: 22,736 | 22,688 | 22,612
- 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
Nifty Bank
- High-wave candlestick pattern formed near Bollinger Band’s lower end.
- Trading below key moving averages, indicating bearish control.
- Key Support Levels: 49,225 | 49,353 | 49,560
- Key Resistance Levels: 48,810 | 48,682 | 48,475
3. Key Bullish Stocks to Watch
- Jio Financial Services & Zomato to be included in Nifty 50 (March 25).
- Bharti Airtel to increase stake in Airtel Africa Plc.
- Vedanta declared preferred bidder for Kauhari Diamond Block (Madhya Pradesh).
- RVNL secured lowest bid for South Western Railway project worth ₹156.35 Cr.
- Adani Green Energy operationalized 250 MW solar project in Jaisalmer.
- Brigade Enterprises to invest ₹1,500 Cr in Kerala over the next five years.
- RailTel secured orders worth ₹288 Cr from East Central Railway.
- Granules India acquiring Senn Chemicals AG for ₹192.5 Cr.
- KP Energy commissioned a 2.8 MW wind power project in Bharuch.
- Balrampur Chini setting up a Polylactic Acid biopolymer plant (₹2,850 Cr).
- Oil India signed MoU for critical mineral blocks exploration.
Key Bearish Stocks to Watch
- BPCL & Britannia to be excluded from Nifty 50 (March 25).
- Paisalo Digital withdrew 3.37 Cr convertible equity warrants due to volatility.
- Niva Bupa investigating customer data leak.
- Ultramarine & Pigments promoters sold shares between Feb 20-21.
- Stock in F&O ban: Manappuram Finance, Chambal Fertilisers & Chemicals.
- No stocks removed from F&O ban.
4. Sector-Wise Analysis & Volume Shockers
Top 5 NSE Sector Indices (Weekly Change %)
- NIFTY METAL: +5.20%
- NIFTY CPSE: +4.40%
- NIFTY INDIA TOURISM: +3.60%
- NIFTY PSE: +3.40%
- NIFTY ENERGY: +3.30%
Top 5 Volume Shockers (CMP)
- NHPC: 79
- JSW ENERGY: 496
- JINDAL STEEL & POWER: 880
- MACROTECH DEVELOPERS: 1215
- TVS MOTOR COMPANY: 2324
5. Long & Short Build-Up Stocks
Long Build-Up Stocks (OI Change %)
- CYIENT: +10.30%
- MARICO: +9.90%
- PHOENIXLTD: +8.10%
- LUPIN: +6.90%
- M&M: +6.80%
Short Build-Up Stocks (OI Change %)
- KEI: -117.25
- VBL: -353.35
- JSWENERGY: -424.90
- TORNTPOWER: -0.1525
- EICHERMOT: +10.00
6. Foreign & Domestic Institutional Investments
- FIIs (Foreign Institutional Investors): Net sellers (₹-3,449.15 Cr on Feb 21).
- DIIs (Domestic Institutional Investors): Net buyers (₹2,884.61 Cr on Feb 21).
7. Breakout Pulse Stocks (Minor Uptrend of 2-5%)
- LTTS: ₹5,123 (↑ 4.23%)
- MEDANTA: ₹1,235 (↑ 2.42%)
- HINDALCO: ₹653 (↑ 2.31%)
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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