30th 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 30th, 2025.

Key Points

1. Market News

• GIFT Nifty trading flat, indicating a subdued start.
• Indian markets closed higher for the second consecutive day.
• Notable gainers: Shriram Finance, Bharat Electronics, Tata Motors.
• US stocks ended lower but recovered from intraday lows.
• Federal Reserve kept interest rates steady, US 10-year yield rose to 4.53%.
• Dollar bulls focused on the Euro as ECB is expected to be dovish.
• Oil prices recovered after a 1.6% drop due to tariff uncertainty.
• Indian rupee weakened by 2 paise to 86.55 against the USD.

2. Technical Analysis

• • Technical Analysis – Nifty 50

    • Formed a bullish candlestick pattern on daily charts.
    • Despite bullish patterns, trend remains bearish due to below-EMA positioning.
    • RSI and MACD indicate weak momentum.
    • Key Support Levels: 23,029 | 22,980 | 22,901
    • Key Resistance Levels: 23,187 | 23,235 | 23,314

    Technical Analysis – Nifty Bank

    • Formed a bullish candlestick pattern with strong volume.
    • Still below key EMAs, needs to break 49,650 zone to reverse trend.
    • Key Support Levels: 48,938 | 48,856 | 48,722
    • Key Resistance Levels: 49,205 | 49,288 | 49,422

3. Key Stocks to Watch

Key Bullish Stocks to Watch

• Aarti Drugs – Investment in subsidiary Pinnacle Life Sciences.
• Afcons Infra – Rs 1,283 Cr contract for Hindustan Gateway Terminal.
• Allcargo Terminals – Solar power agreement with Amokha Green Energy.
• Granules India – EU GMP certification for its Visakhapatnam unit.
• Union Bank – Raising Rs 20,000 Cr through long-term bonds.

Key Bearish Stocks to Watch

• 3M India – CFO Vidya Sarathy resigned.
• Voltas – CEO Pradeep Bakshi stepping down in August.
• Kolte-Patil Developers – Merger rejected by Ministry of Corporate Affairs.

Earnings Results Today

• Companies reporting earnings: Adani Enterprises, Bajaj Finserv, Bank of Baroda, GAIL, Dr. Lal Pathlabs, L&T, PB Fintech, and others.

4. Sector-Wise Performance (Last Week’s Top Sectors in NSE)

• NIFTY IT (+2.92%)
• NIFTY FINANCIAL SERVICES (+2.20%)
• NIFTY SERVICES SECTOR (+1.54%)
• NIFTY PRIVATE BANK (+1.48%)
• NIFTY AUTO (+1.27%)

Volume Shockers (Stocks with 1.5x the average weekly volume)

• BHEL – ₹199
• JSW ENERGY – ₹474
• AMBUJA CEMENTS – ₹522
• ADANI POWER – ₹522
• TVS MOTOR COMPANY – ₹2,464

5. Long & Short Build-Up Stocks

Long Build-Up Stocks (Top 5 stocks with high open interest increase)

• BOSCHLTD (+32.50%)
• MGL (+32.40%)
• JSWENERGY (+28.10%)
• PNB (+26.10%)
• MARUTI (+25.80%)

Short Build-Up Stocks (Top 5 stocks with short positions increasing)

• MANAPPURAM (+33.60%)
• SRF (+28.50%)
• TIINDIA (+27.20%)
• PRESTIGE (+27.00%)
• MUTHOOTFIN (+26.90%)

6. FII & DII Activity (Jan 29, 2025)

• FIIs were net sellers: Rs -2,586.43 Cr
• DIIs were net buyers: Rs +1,792.71 Cr

7. Breakout Pulse Stocks (Stocks showing strong bullish momentum)

• BAJFINANCE – ₹7,759 (+2.01%)
• SBILIFE – ₹1,460 (+2.92%)
• SRF – ₹2,664 (+2.49%)
• MUTHOOTFIN – ₹2,210 (+3.50%)
• FIVESTAR – ₹741 (+3.06%)

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.