6th February 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 February 6th, 2025.

Key Points

1. Market News

• GIFT Nifty trading higher, indicating a positive start.
• NSE Nifty 50 & BSE Sensex ended lower on Wednesday.
• ITC & Larsen & Toubro dragged the index down.
• Asian markets up, despite weak tech earnings and tariff concerns.
• US stocks volatile, but ended higher.
• 10-Year Treasury yield: 4.42%, 2-Year Treasury yield: 4.19%.
• Dollar Index dropped 0.2%, hitting a one-week low.
• Oil prices slightly higher after a 2% fall.
• Gold steadied after hitting record highs.
• Rupee fell to 87.46 against USD due to FII exits.

2. Technical Analysis

Nifty-50

• Formed a bearish candlestick pattern.
• Still maintaining higher highs & higher lows.
• Trading above 50-day & 200-day EMAs.
• RSI: 55.85 (upper band).
• MACD inching toward zero line.
• Key Resistance Levels: 23,855 | 23,806 | 23,776.
• Key Support Levels: 23,680 | 23,650 | 23,601.

Bank Nifty

• Rose 185 points, forming a bearish candle.
• Maintaining higher tops & bottoms.
• RSI showing positive bias.
• MACD moving toward zero line.
• Key Resistance Levels: 50,667 | 50,550 | 50,477.
• Key Support Levels: 50,243 | 50,171 | 50,054.

3. Key Bullish Stocks

• Azad Engineering: Long-term pact with Rolls-Royce.
• Welspun Corp: Sold 19% stake in Welassure; investing ₹250 Cr in Welspun Specialty Solutions.
• UltraTech Cement: Expanded capacity in West Bengal.
• ICICI Prudential Life: Approved to set up operations in GIFT City.
• Apollo Micro Systems: Partnered with Redon Systems.
• Info Edge: Contributing ₹1,000 Cr to IE Ventures.
• Mahindra & Mahindra: Electric SUV bookings start Feb 14.
• Redington: Appointed VS Hariharan as MD & CEO.
• Orient Cement: Won case against Singareni Collieries.
• Vishnu Prakash Punglia: Got contract from Bharat Heavy Electricals.
• Ola Electric: Launched new electric motorcycles.

Key Bearish Stocks

• Religare Enterprises: Director Hamid Ahmed resigned.
• Star Health & Allied Insurance: ₹24 Cr GST demand.
• Dabur India: ₹46 Cr GST demand.
• Bharat Petroleum: ₹22.8 Cr GST demand.
• Emcure Pharmaceuticals: ₹70 Lakh tax demand.
• Easy Trip Planners: Core4 Marcom sold 3.18 Cr shares.
• Jindal Drilling: Sold 1.5 Lakh shares.

4. Sector-wise Analysis

• Top Gainers (Last 1 Week Performance)
  • NIFTY REALTY: +8.62%
  • NIFTY MIDSMALL HEALTH: +8.45%
  • NIFTY SMALLCAP 50: +7.85%
  • NIFTY MICROCAP 250: +7.27%
  • NIFTY MEDIA: +6.77%
• Volume Shockers (Stocks with 1.5x Volume Increase)
  • UNION BANK: 119 CMP
  • TATA POWER COMPANY: 366 CMP
  • JSW ENERGY: 493 CMP
  • ZYDUS LIFESCIENCES: 977 CMP
  • TORRENT PHARMA: 3,114 CMP

5.

Long Build-Up Stocks

• TORNTPOWER: +41.50% OI Change
• PHOENIXLTD: +13.20% OI Change
• BERGEPAINT: +12.70% OI Change
• BHARATFORG: +10.60% OI Change

Short Build-Up Stocks

• KALYANKJIL: +18.00% OI Change
• NBCC: +15.80% OI Change
• ABBOTINDIA: +9.60% OI Change
• NCC: +9.10% OI Change

6. FII & DII Data

• FIIs were net sellers: ₹1,682.83 Cr (Feb 5, 2025).
• DIIs were net buyers: ₹996.28 Cr (Feb 5, 2025).

7. Earnings Results Today

• SBI, Hero MotoCorp, ITC, Britannia Industries, Trent, Bharti Airtel, Aurobindo Pharma, Bharat Dynamics, PVR Inox, Apollo Tyres, JK Lakshmi Cement, Sobha, Chambal Fertilisers, etc.

8. Breakout Pulse Stocks

• Laurus Labs: +3.12%
• Century Ply: +2.64%
• BSE Ltd: +4.81%
• Aarti Industries: +2.14%

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.