6th March 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 March 6th, 2025.

Key Points

1. Market News

• • • • • GIFT Nifty is trading slightly higher, signaling a flat to positive start.
        • Indian benchmark indices ended Wednesday’s session positive, breaking a 29-year losing streak.
        • Asian markets are trading higher, tracking strong Wall Street performance.
        • Bond market:
          • 10-year US Treasury yield increased by 81 basis points (4.31%).
          • 2-year US Treasury yield increased by 83 basis points (4.03%).
        • US dollar remains stable; Asian currencies, especially the Indonesian Rupiah, strengthened.
        • Oil prices hover near six-month lows due to tariff concerns.
        • Gold remains near record highs as investors assess US economy and Federal Reserve policy.
        • Indian Rupee strengthened to 86.86 due to lower crude oil prices.
    • .

2. Technical Analysis

Nifty-50

• Daily Chart:
  • Nifty bounced from lower levels but remains below the 50-day SMA.
  • A decisive move above the 50-SMA is needed for a bullish reversal.
• 1-Hour Chart:
  • Resistance: 22,350 – 22,400 (Aligned with 50-SMA).
  • Support: 22,200 – 22,150; Stronger support at 22,050.
• Open Interest (OI) Insights:
  • Strong Put Writing at 21,950–22,100 (Strong support).
  • Heavy Call Writing at 22,350–22,500 (Resistance formation).
  • OI Shift: Put OI increased by 3.45 Cr, Call OI decreased by 14.39L (Bullish sentiment).

Nifty Bank

• Daily Chart:
  • Bank Nifty rebounded from 48,000 – 48,200 support zone.
  • Still below the 50-day SMA, requires a breakout for further strength.
• 1-Hour Chart:
  • Resistance: 48,600 – 48,900.
  • Support: 48,400 – 48,350, stronger at 48,250.
• Open Interest (OI) Insights:
  • Strong Put Writing at 48,000 & 47,500 (Support levels).
  • Call Writing at 48,500 & 49,000 (Resistance).
  • OI Data: Put OI +5.39L, Call OI +3.59L (Bullish trend but facing resistance).

3. Key Stocks to Watch

Bullish Stocks

• Zydus Life: USFDA approval for Dasatinib Tablets (Leukemia treatment).
• Wipro: Launching a Telco AI initiative.
• Galaxy Surfactants: Partnering for EPC services.
• TCS: Partnering with Vantage Towers for digital property services.
• RPP Infra Projects: Won ₹81 Cr Chennai water project.
• Oriental Rail Infra: ₹1.61 Cr order from North Western Railways.
• IOL Chemicals: Received EDQM certificate for European exports.
• Route Mobile: Partnering with Nokia, Telesign for API solutions.
• R Systems: Launched IoT Smart Connector on AWS.
• GMR Airports: Acquired a 49% stake in Bird Delhi General Aviation Services.
• Ceigall India: Achieved early milestone in Jodhpur-Bathinda road project.
• Zaggle Prepaid: Partnering with Tech Mahindra for corporate spend management.
• Dalmia Bharat: Acquiring 34.52% in Kilavikulam Solar Power (₹3 Cr investment).
• BCL Industries: Promoter Kushal Mittal bought 2.47 lakh shares.

Bearish Stocks

• Gensol Engineering: ICRA rating downgraded to “D” from “BBB-” due to debt issues.
• Kirloskar Industries: MD Mahesh Chhabria resigning on March 31.
• Manappuram Finance: In F&O ban.
• No stocks removed from F&O ban.

4. Sector-Wise Analysis & Volume Shockers

Top 5 NSE Sector Indices (Positive Last Week Performance)

• Nifty Metal (+4.72%)
• Nifty PSE (+2.35%)
• Nifty CPSE (+2.23%)
• Nifty Commodities (+1.65%)
• Nifty High Beta 50 (+1.58%)

Top 5 Stocks from Nifty Next 50 (High Volume Activity)

• Adani Energy (+52.60%)
• ICICI Prudential (+16.10%)
• Adani Total Gas (+14.10%)
• Pidilite Industries (+14.00%)
• (Stock Not Mentioned) (+13.70%)

5. Long & Short Build-Up Stocks

Long Build-Up Stocks (OI Change % Increase)

• BSE (+13.70%)
• Balkrishna Industries (+7.60%)
• Muthoot Finance (+6.10%)
• IIFL
• KPIT Tech

Short Build-Up Stocks (OI Change % Decrease)

• IREDA
• Tata Tech
• Titagarh

6. FII & DII Activity (March 5, 2025)

• FIIs: Net sellers, sold ₹2,895.04 Cr in cash segment.
• DIIs: Net buyers, bought ₹3,370.60 Cr in cash segment.

7. Breakout Pulse Stocks (Nifty 500)

(Stocks showing 2-5% uptrend with strong volume, balanced RSI, and key moving average alignment)

• Navin Fluorine: ₹4,055 (+3.9%)
• JSW Steel: ₹1,002 (+2.9%)
• Hindalco: ₹657 (+2.4%)
• Indigo: ₹4,698 (+2.1%)

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.