1st January 2025 Pre-Market Analysis

…..Happy New Year All…..

…..New day..New beginning…New life….New start…..

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 1st, 2025.

Key Points

1. Market News

• GIFT Nifty trading lower; a flat to negative start is expected.
• NSE Nifty 50 & BSE Sensex achieved a nine-year winning streak.
• Top Performers (Nifty 50):
  • Trent Ltd.: +133.17% in 2024.
  • Mahindra & Mahindra Ltd.: +73.86% in 2024.
• US Stock Market ended lower with low volumes.
• Gold: Biggest gain in 14 years (+27% in 2024).
• Oil: Prices higher in holiday trading; flat for the year.
• Rupee: Closed at 85.61 (-7 paise).

2. Technical Analysis

• Nifty-50

  • Bullish candlestick pattern observed.
  • Indicators (RSI, MACD, KST): Show negative bias.

  Key Levels:

  • Support: 23,666 | 23,740 | 23,828
  • Resistance: 23,511 | 23,457 | 23,369

  Nifty Bank

  • Bullish candlestick pattern with support at 200-day SMA.
  • Sentiment bearish due to trading below EMA.

  Key Levels:

  • Support: 50,892 | 51,016 | 51,148
  • Resistance: 50,670 | 50,588 | 50,456

3. Stocks Insights

Long Build-Up Stocks

• MCX: +6.60% OI Change
• JIOFIN: +5.80% OI Change
• BSOFT: +4.80% OI Change
• ICICIGI: +3.60% OI Change
• TATAELXSI: +3.50% OI Change

Short Build-Up Stocks

• APLAPOLLO: +21.10% OI Change
• ATGL: +14.70% OI Change
• IRB: +13.30% OI Change
• KALYANKJIL: +9.50% OI Change
• KALYANKJIL (repeat): +8.80% OI Change

4. Stock Highlights

Key Bullish Stocks

• Jupiter Wagons, The India Cements, SJVN, Piramal Enterprises, Kalpataru Projects, ITD Cementation, Dhani Services, etc.

Key Bearish Stocks

• Jagatjit Industries, Thomas Cook, Gujarat Toolroom.

5.FII/DII Activity (31st Dec 2024)

• FIIs: Net sellers (-₹4,645.2 Cr).
• DIIs: Net buyers (+₹4,546.7 Cr).

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.