28th January 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 January 28th, 2025.

Key Points

1. Market News

• GIFT Nifty indicates a positive start.
• Indian benchmark indices hit a 7-month low.
• Nasdaq saw its biggest drop since December 18, 2024, due to AI-related sell-offs.
• U.S. Treasury yields increased:
  • 10-Year: 4.55% (+40 bps)
  • 2-Year: 4.21% (+39 bps)
• Oil prices remained steady; gold prices rose slightly.
• Indian Rupee weakened to 86.34 against USD (-13 paise).

2. Technical Analysis

• • Nifty-50

    1. Bearish candlestick pattern observed.
    2. RSI: 33.77 (indicating negative bias).
    3. Key Pivot Levels:
       • Support: 22,790 | 22,738 | 22,654
       • Resistance: 22,959 | 23,011 | 23,095

    Bank Nifty

    1. Broke support trendline; bearish sentiment persists.
    2. Key Pivot Levels:
       • Support: 47,894 | 47,782 | 47,601
       • Resistance: 48,257 | 48,370 | 48,551

3. Key Stocks to Watch

Key Bullish Stocks

1. Tata Power: ₹455 crore solar module contract in Maharashtra.
2. Arvind SmartSpaces: Developing a ₹1,350 crore industrial park.
3. Wipro: 5.5-year IT services deal with FrieslandCampina.
4. Oriental Rail: ₹575 crore Indian Railways order.
5. 360 One WAM: Acquired Batlivala & Karani Secu India for ₹1,774 crore.
6. Greaves Cotton: 0.5% stake acquired by Equity Intelligence India.
7. Bajaj Housing Finance: Q3 profit up 25% to ₹548 crore.

Key Bearish Stocks

1. Tata Steel: Net profit fell by 43.4% to ₹295.5 crore.
2. IIFL Finance: Business head resignation in unsecured lending.

4. Sector-Wise Analysis

• Top Sectors (Based on Weekly Performance):
  • NIFTY IT
  • CANARA BANK
  • GAIL
  • DLF
  • MICROTECH DEV
• Volume Shockers (Nifty Next 50 Stocks with 1.5x Volume):
  • DABUR

5. Long & Short Build-Up Stocks

Long Build-Up Stocks

1. ONGC (+35.90%)
2. CUB (+26.30%)
3. BANK BARODA (+26.30%)
4. GODREJPROP (+26.00%)
5. GAIL (+25.10%)

Short Build-Up Stocks

1. TORNTPHARM (+28.40%)
2. DLF (+21.70%)
3. M&M (+20.70%)
4. ICICIBANK (+20.70%)
5. BANKINDIA (+19.00%)

6. FII/DII Activity (25th Jan 2025)

• FIIs: Net sellers (-₹5,015.46 Cr).
• DIIs: Net buyers (+₹6,642.15 Cr).

7. Earnings Reports (Today)

1. Bajaj Auto, Cipla, Exide Industries, Hindustan Zinc, JSW Energy, SBI Cards, etc.

F&O Ban Stocks

1. In Ban: IndiaMART, Manappuram Finance, Mahanagar Gas, PNB.
2. Out of Ban: Aditya Birla Fashion, Bandhan Bank, Dixon Technologies, etc.

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.