
Arodeal FinTech
February 20, 2025 at 02:53 AM
Here's a detailed analysis of today's share market prediction before market opening:
Market Outlook:-
The Indian stock market is expected to open on a cautious note today, with a slight positive bias. The SGX Nifty, which is a indicator of the Nifty 50, is trading at 17,433, up 30 points.
Global Cues:-
Global markets are trading mixed, with the Dow Jones up 0.2% and the Nasdaq down 0.1%. Asian markets are also trading mixed, with the Nikkei up 0.5% and the Hang Seng down 0.2%.
Technical Analysis:-
The Nifty 50 is expected to face resistance at 17,500 and support at 17,300. The RSI (Relative Strength Index) is at 55, indicating a neutral bias.
Top Stocks to Watch:-
1.Reliance Industries: The company is expected to announce its quarterly results today.
2. HDFC Bank: The bank is expected to announce its quarterly results today.
3. Infosys: The company is expected to announce its quarterly results today.
4. TCS: The company is expected to announce its quarterly results today.
Sectoral Outlook:-
1. IT sector: The sector is expected to be in focus today, with Infosys and TCS announcing their quarterly results.
2. Banking sector: The sector is expected to be in focus today, with HDFC Bank announcing its quarterly results.
3. Auto sector: The sector is expected to be in focus today, with Maruti Suzuki announcing its quarterly results.
Economic Data:-
1. Inflation data: The inflation data for January is expected to be announced today.
2. Industrial production data: The industrial production data for December is expected to be announced today.
Conclusion:-
The market is expected to be volatile today, with a slight positive bias. Investors are advised to be cautious and watch the global cues and economic data announcements closely.