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 4th, 2025.
Key Points
1. Market News
- GIFT Nifty indicates a positive start.
- NSE Nifty 50 & BSE Sensex closed in red due to risk-off sentiment and US-imposed tariffs.
- Larsen & Toubro & Reliance Industries were the biggest losers.
- Asian shares surged after President Trump delayed tariffs on Mexico and Canada for a month.
- US stock indices recovered slightly after an initial drop.
- US Treasury yields rose:
- 10-Year yield: +13 basis points.
- 2-Year yield: +24 basis points.
- Indian Rupee weakened by 58 paise, closing at 87.195 against USD.
- WTI crude oil prices dropped after recent gains.
- Gold remained steady near record highs.
2. Technical Analysis
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Nifty 50
- Bullish candle with a lower shadow signals buying interest at lower levels.
- Support Levels: 23,383 | 23,420 | 23,481
- Resistance Levels: 23,261 | 23,223 | 23,162
- 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
- Rebounded 300 points, defended 48,900 level, and formed a Tweezer Bottom (bullish reversal).
- Closed down 0.6% despite volatility.
- Support Levels: 49,342 | 49,452 | 49,631
- Resistance Levels: 48,985 | 48,875 | 48,696
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3. Key Stocks to Watch
Key Bullish Stocks
- Cipla: Investing 900 million South African Rand in Cipla Medpro SA.
- Ganesha Ecosphere: Expanding Warangal plant & setting up a new facility in Odisha.
- Times Technoplast: Secured a ₹40.64 crore order for Type IV cylinders.
- Barbeque Nation: Acquiring a 51% stake in Willow Gourmet for ₹17 crore.
- Mahanagar Gas: Increased stake in International Battery Co. to 44%.
- Samvardhana Motherson: Formed a joint venture in logistics (SMGCL Co.).
- NLC India: Investing ₹1,110 crore in a joint venture with Rajasthan’s power body.
- Central Bank of India: Partnered with Vastu Housing Finance for MSME loans.
- Anand Rathi Wealth: Established a UK subsidiary.
- Rallis India: Won a sustainability reporting award.
- Godrej Properties: Acquired 100% equity in Pearlshine Home Developers.
Key Bearish Stocks
- Vodafone Idea: ₹24.01 lakh GST demand order.
- UltraTech Cement: ₹3.5 crore GST demand order.
- SBI Life Insurance: ₹39.68 crore GST demand order.
- IDBI Bank: ₹5.2 crore GST demand order.
- ABB: ₹64.57 lakh GST demand order.
- Enviro Infra: ₹15.6 lakh GST demand order.
4. Sector-Wise Analysis & Volume Shockers
Top 5 Sector Indices (Positive Weekly Performance)
- NIFTY REALTY: +11.26%
- NIFTY INDIA CONSUMPTION: +5.27%
- NIFTY AUTO: +5.21%
- NIFTY FINANCIAL SERVICES: +2.75%
- NIFTY FMCG: +2.41%
Top 5 Stocks with Unusual Volume Increase
- SAMVARDHANA MOTHERSON (130)
- INDIAN OIL CORPORATION (120)
- VEDANTA (421)
- REC (405)
- TVS MOTOR COMPANY (2653)
5. Long & Short Build-Up Stocks (Based on Open Interest Change)
Long Build-Up Stocks
- TORNTPOWER: +68.60%
- SOLARINDS: +30.30%
- HUDCO: +21.80%
- NBCC: +14.00%
- NCC: +13.90%
Short Build-Up Stocks
- PHOENIXLTD: +60.80%
- DIVISLAB: +9.70%
- BATAINDIA: +9.70%
- LTTS: +6.60%
- BAJFINANCE: +5.50%
6. FII & DII Data (3rd Feb 2025)
- FIIs: Net sellers of ₹3,958.37 crore.
- DIIs: Net buyers of ₹2,708.23 crore.
7. Options Market Sentiment (Put-Call Ratio – PCR)
- PCR > 1 → Bearish sentiment (more hedging/selling).
- PCR < 1 → Bullish sentiment (higher buying interest).
8. Breakout Pulse Stocks
- LTF: 149 (+2.46%)
- SRF: 2942 (+4.13%)
- M&MFIN: 291 (+3.04%)
- CENTURYPLY: 830 (+3.62%)
- CLEAN: 1485 (+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.
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