28th 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 28th, 2025.

Key Points

1. Market News

• • • • GIFT Nifty trading flat, indicating a muted start.
      • Benchmark indices ended Thursday flat; media & realty sectors declined the most.
      • Finance sector led gains, followed by metals.
      • Banking & NBFC stocks rose after RBI eased risk weight rules.
      • Asian markets fell after Wall Street selloff due to Nvidia results & weak US economic data.
      • S&P 500 and Nasdaq closed sharply lower.
      • US 10-Year Treasury Yield dropped to 4.23%.
      • WTI Crude Oil fell 0.4% to $70.08 per barrel.
      • Gold poised for first weekly loss of the year amid USD strengthening.
      • Rupee initially weakened but closed at 87.2 against USD.
    • .

2. Technical Analysis

Nifty-50 Analysis

• Bearish candle with high wave-like pattern.
• RSI at 29.57 (Below 30) – potential for a bounce back.
• All major EMAs (10, 20, 50, 100, 200) indicate a bearish trend.

Key Support Levels:

• 22,596 | 22,620 | 22,661

Key Resistance Levels:

• 22,516 | 22,491 | 22,451

Nifty Bank Analysis

• Doji candlestick pattern, indicating indecision.
• RSI at 41.8, showing an upward trend.
• Index sustaining above support trendline.

Key Support Levels:

• 48,913 | 48,995 | 49,127

Key Resistance Levels:

• 48,649 | 48,568 | 48,436

3. Key Bullish Stocks

• Coal India: ₹300 per tonne charge at Northern Coalfields from May 1, 2025 (Revenue boost of ₹3,877.5 Cr).
• GE Power: ₹273.5 Cr contract from GREENKO KA01 IREP.
• Transrail Lighting: ₹2,752 Cr new orders (YTD inflows exceed ₹7,400 Cr).
• Tata Power (TP Solar): ₹632 Cr orders for 292.5 MWp DCR solar modules.
• RVNL: ₹135.66 Cr project from Central Railway.
• Chemplast Sanmar: Acquiring stake in JSW Green Energy Nine for ₹30.4 Cr.
• Kernex Microsystem: ₹325.33 Cr Kavach safety system project from South Eastern Railway.
• PNC Infratech: ₹864 Cr road project completion in UP (₹14.2 Cr bonus from NHAI).
• Jindal Stainless: 100% equity acquisition in AGH Dreams Pvt. & Utkrisht Dream Ventures Pvt.
• Servotech Renewable Power: MOU to install 100,000 solar rooftop systems by 2026.
• HCL Technologies: Selected by Children’s Minnesota for AI-driven efficiency.
• TVS Motor: Launched TVS King Duramax Plus & TVS King Deluxe Plus in Mexico.
• Eris Lifesciences: Completed 30% stake acquisition in Levim.

Key Bearish Stocks

• Granules India: USFDA warning letter to Gagillapur facility (Potential impact on pending submissions).
• LIC: Received ₹479.88 Cr GST notice for FY21.
• Blue Dart Express: ₹9.68 lakh GST demand order.

4. Sector-Wise Performance (Top 5 Sectors)

• NIFTY METAL: +33.20%
• NIFTY CONSUMER DURABLES: +27.40%
• NIFTY FMCG: +27.00%
• NIFTY MNC: +26.40%
• NIFTY FINANCIAL SERVICES 25/50: +23.80%

Volume Shockers (Nifty Next 50)

• PNB: CMP 91
• SAMVARDHANA MOTHERSON: CMP 122
• VARUN BEVERAGES: CMP 448
• BANK OF BARODA: CMP 203
• HAVELLS: CMP 1451

5. Long Build-Up & Short Build-Up Stocks

Long Build-Up Stocks (Based on Futures Open Interest Change)

• POLYCAB: +102.00%
• KEI: +93.00%
• TATACOMM: +43.90%
• JUBLFOOD: +43.30%
• ULTRACEMCO: +41.30%

Short Build-Up Stocks

• VOLTAS
• ABCAPITAL
• BAJAJFINSV
• SRF
• SUNPHARMA

6. FII & DII Activity

• FIIs Net Sellers: ₹-556.56 Cr (Cash Segment on 27th Feb 2025).
• DIIs Net Buyers: ₹3,030.78 Cr (Cash Segment on 27th Feb 2025)

7. Breakout Pulse Stocks (Nifty 500)

• CHOLAHLDNG: ₹1,636 (+4.32%)
• SRF: ₹2,854 (+3.11%)
• BAJAJFINSV: ₹1,925 (+2.69%)
• BAJFINANCE: ₹8,705 (+2.55%)
• MAPMYINDIA: ₹1,723 (+2.48%)

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.