12th 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 12th, 2025.

Key Points

1. Market News

• • • • • GIFT Nifty trading flat, indicating a muted start.
        • ICICI Bank & Bharti Airtel led recovery in benchmark indices.
        • Asian markets traded in a tight range.
        • US stocks fell, continuing the biggest selloff in months.
        • Treasury Yields:
          • 10-year yield fell to 4.27% (-13 bps).
          • 2-year yield dropped to 3.93% (-16 bps).
        • Dollar Index gained slightly, while Asian currencies traded lower.
        • Crude Oil WTI rose 0.5% to $66.57 per barrel.
        • Gold traded slightly lower above $2,900, Silver down 0.5% at $32.78.
        • INR appreciated 12 paise to 87.21 as the USD Index hit a six-month low.
    • .

2. Technical Analysis – Nifty 50

Daily Chart

• Trading below 50 SMA, indicating a bearish trend.
• Resistance at 22,600, support at 22,400.

1-Hour Chart

• Recovering above 50 SMA, immediate resistance at 22,600.

Open Interest Data

• Put Writing: Strong support at 22,300 & 22,400.
• Call Writing: Strong resistance at 22,500 & 22,600.
• Bearish Bias: Call OI surged +84.15L, Put OI increased +2.27Cr.
• PCR at 1.1, indicating mixed sentiment.

Key Levels to Watch

• Resistance: 22,600 (Immediate), 22,700 (Strong).
• Support: 22,400 (Key level), 22,300 (Strong demand zone).

Technical Analysis – Bank Nifty

Daily Chart

• Trading below 50 SMA, bearish sentiment.
• Resistance at 48,400, support at 47,600.

1-Hour Chart

• Trading below 50 SMA, bearish momentum.
• Resistance at 48,200, support at 47,800.

Open Interest Data

• Put Writing: Strong support at 47,000 & 47,500.
• Call Writing: Resistance at 48,000 & 48,500.
• Bearish Bias: Call OI surged +11.98L, Put OI increased +3.39L.
• PCR at 0.9, confirming bearish sentiment.

Key Levels to Watch

• Resistance: 48,200 (Immediate), 48,400 (Key).
• Support: 47,800 (Short-term), 47,600 (Strong).

3. Key Bullish Stocks to Watch

• Bharti Airtel – Partnering with SpaceX Starlink for satellite internet in India.
• Nykaa – Launched Nykaa Essentials, a new beauty & personal care brand.
• Poly Medicure – Received MDR certification for 54 medical products.
• TCS – Acquiring Darshita Southern India Happy Homes for ₹2,250 Cr.
• Waaree Renewable – Part of a ₹740.06 Cr solar project.
• Godrej Agrovet – Buying 48.06% stake in Creamline Dairy for ₹930 Cr.
• Adani Green Energy – Commissioned 250 MW solar project in Kadapa.
• PB Fintech – Investing ₹696 Cr in PB Healthcare Services.
• CG Power – Secured ₹450 Cr railway order for Vande Bharat trains.
• Hexaware Technologies – Opened global HQ in Jersey City.

Key Bearish Stocks to Watch

• Kaynes Technology – SEBI show-cause notice for regulatory violations.
• Infosys – Downgraded by Morgan Stanley, target price cut to ₹1,740.
• Tamilnad Mercantile Bank – ₹58.91 Cr tax demand notice (challenging in court).
• Sandur Manganese – CEO resigned, effective March 10.

4. Sector-Wise Analysis & Volume Shockers

Top Performing Sector Indices (last one week)

• NIFTY METAL – +8.09%
• NIFTY MEDIA – +6.99%
• NIFTY PSE – +5.58%
• NIFTY OIL & GAS – +5.43%
• NIFTY COMMODITIES – +5.16%

Volume Shockers (Nifty Next 50)

• ZOMATO – +18.40%
• MACROTECH DEVELOPERS – +16.30%
• Others – +7.90%, +5.30%, +5.20%

5. Long Build Up Stocks

• INDUSINDBK (+28.60%)
• ASHOKLEY (+9.90%)
• ZOMATO (+6.70%)
• RBLBANK (+6.50%)
• BSOFT (+5.90%)

Short Build Up Stocks

• MFSL
• PHOENIXLTD
• PAYTM
• SAIL
• TATACOMM

6. FII & DII Data (12th March 2025)

• FIIs: Net sellers at ₹-2,823.76 Cr in cash segment.
• DIIs: Net buyers at ₹2,001.79 Cr in cash segment.

7. Breakout Pulse Stocks (Potential Uptrend)

• AETHER – ₹932 (+3.4%)
• WELCORP – ₹816 (+2.9%)
• ASTRAZEN – ₹7807 (+2.3%)

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.