11th 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 11th, 2025.

Key Points

1. Market News

• • GIFT Nifty trading higher, indicating a positive market start.
  • Indian equity benchmark indices closed lower due to a decline in realty stocks.
  • Asian markets mostly higher following gains on Wall Street.
  • U.S. main indices closed higher, driven by Nvidia and AI-related stocks.
  • Steelmakers surged after Trump’s tariff announcement.
  • US dollar strengthened due to tariffs on steel and aluminum imports.
  • Asian currencies traded lower (Indonesian Rupiah led the losses).
  • Gold reached a record high due to safe-haven demand.
  • Indian Rupee closed weaker, down five paise at 87.48/USD.

2. Technical Analysis

Nifty-50

• Formed a bearish candlestick pattern.
• Closed at 23,300, the 50% Fibonacci retracement level.
• Key Support Levels: 23,326 | 23,266 | 23,170
• Key Resistance Levels: 23,519 | 23,578 | 23,674

Bank Nifty

• Formed a small bearish candle but showed strong buying at lower levels.
• Key Support Levels: 49,774 | 49,667 | 49,494
• Key Resistance Levels: 50,119 | 50,226 | 50,399

3. Key Bullish Stocks to Watch

• Sona BLW Precision: Buying land in Haryana for ₹110 Cr.
• Lupin: US FDA approval for nasal solution.
• Shriram Properties: Joint Development in Chennai.
• IRB Infra: 20% rise in toll collection.
• Eicher Motors: New leadership appointments.
• ONGC: Deal with bp for technical services.
• Piramal Enterprises: ₹450 Cr NCD issuance.
• SBFC Finance: ₹400 Cr funding from British International Investment.
• Dynamatic Technologies: Partnership with Deutsche Aircraft.
• Aditya Birla Capital: ₹100 Cr investment.
• Chalet Hotels: Acquiring The Westin Resort & Spa.
• Samhi Hotels: Acquiring Duet India Hotels.
• Texmaco Infra: Promoter buying 71,373 shares.

Key Bearish Stocks to Watch

• Rana Sugar: Premises searched by Income Tax.
• GR Energy: ₹20.39 Cr CGST order; planning an appeal.
• Jindal Drilling: Share transactions by promoters.
• Manappuram Finance: In F&O ban list.

4. Sector-Wise Performance (Last Week’s Top Gainers)

• NIFTY Private Bank (+1.82%)
• NIFTY Pharma (+1.55%)
• NIFTY IT (+1.35%)
• NIFTY Financial Services (+0.99%)
• NIFTY Healthcare Index (+0.97%)

Volume Shockers (Stocks with 1.5x Volume)

• Varun Beverages
• Life Insurance Corp
• Adani Total Gas
• Bosch

5. Long Build Up Stocks

• DELHIVERY (+22.80%)
• OIL (+21.60%)
• ALKEM (+17.60%)
• PHOENIXLTD (+15.50%)
• VBL (+12.20%)

Short Build Up Stocks

• BERGEPAINT (+13.00%)

6. FIIs & DIIs

• FIIs were net sellers: ₹-2,463.72 Cr (10th Feb 2025).
• DIIs were net buyers: ₹1,515.52 Cr (10th Feb 2025).

7. Breakout Pulse Stocks

• AVANTIFEED: ₹743 (+3.19%)

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.