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 27th, 2025.
Key Points
1. Market News
- GIFT Nifty is trading lower, indicating a weak market start.
- Indian indices face resistance at 23,450.
- Concerns over earnings drag Indian markets into a third consecutive week of losses.
- Asian stocks rise cautiously; US indices closed lower amid mixed economic data.
- US Treasury yields:
- 10-Year Yield: Dropped to 4.58%
- 2-Year Yield: Fell to 4.25%
- US dollar strengthened; mixed performance in Asian currencies.
- Oil prices dropped 1% after President Trump urged OPEC to reduce prices.
- Indian rupee closed at 86.21 (up by 26 paise).
2. Technical Analysis
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Nifty-50:
- Formed a bearish candlestick pattern with a long upper shadow.
- Below key moving averages, showing weak momentum.
- Key Support Levels: 23,277 | 23,347 | 23,460
- Key Resistance Levels: 23,050 | 22,979 | 22,866
Nifty Bank:
- Declined by 0.5%, forming a bearish candlestick pattern.
- Key Support Levels: 48,727 | 48,882 | 49,132
- Key Resistance Levels: 48,226 | 48,071 | 47,821
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3. Key Stocks to Watch
Key Bullish Stocks
- KEC International: Orders worth ₹1,445 crore.
- Aditya Birla Estates: JV with Mitsubishi Estate for a ₹560 crore project.
- ASK Automotive: Additional stake in AISIN ASK India for ₹10.20 crore.
- Ceigall India: Lowest bidder for a ₹865 crore project.
- LTIMindtree: New CEO appointed.
- RPP Infra Projects: ₹87.56 crore project for Chennai Corporation.
Key Bearish Stocks
- Mobikwik Systems: CEO resignation.
- Unichem Laboratories: ₹6.58 crore interest + ₹87.07 crore penalty demand by CGST.
- J&K Bank, Canara Bank, Bank of India: RBI penalties.
- Pelatro: SB Opportunities Fund sold 60,000 shares.
4. Sector-Wise Analysis
Top 5 NSE Sectors (Weekly +ve Performance)
- Nifty IT
- Nifty Growth Sectors 15
- Nifty FMCG
- Nifty 100 Low Volatility 30
- Nifty Private Bank
Volume Shockers (1.5x Average Volume)
- JIO Financial
- Adani Green Energy
- Ambuja Cements
- Jindal Steel & Power
- United Spirits
5. Long & Short Build-Up Stocks
Long Build-Up Stocks
- CYIENT (+55.40%)
- KPITTECH (+16.20%)
- POLYCAB (+11.10%)
- GLENMARK (+10.90%)
- PRESTIGE (+9.80%)
Short Build-Up Stocks
- MPHASIS (+6.60%)
- BRITANNIA (+3.30%)
6. FIIs and DIIs (as of Jan 24, 2025)
- FIIs: Net sellers (₹-2,758.49 Cr in cash segment)
- DIIs: Net buyers (₹2,402.31 Cr in cash segment)
Earnings Today
- Key companies: Coal India, Tata Steel, ACC, Adani Total Gas, and more.
Stocks in F&O Ban
- Aditya Birla Fashion, Bandhan Bank, Dixon Technologies, and others.
7. Breakout Pulse Stocks:
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- Laurus Labs: +2.99%
- Five Star: +4.26%
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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