Pre-Market Summary for January 31, 2025 Market Overview
The Indian stock market is expected to open with a cautious positive bias, with GIFT Nifty trading marginally higher ahead of the Union Budget announcement. Global Context • US markets closed mixed following the Federal Reserve’s interest rate decision • Asian markets showing tentative movements Nifty 50 Levels • Support: 23,000, 22,850 • Resistance: 23,350, 23,500 Bank Nifty Levels • Support: 49,000, 48,750 • Resistance: 49,500, 50,000 Sensex Levels • Support: 76,200, 76,000 • Resistance: 76,600, 76,800 Stocks to Watch 1. Bharat Dynamics • Support: 1,190 • Resistance: 1,335 • Recommendation: Buy with potential 8-10% upside 2. JK Cement • Support: 4,750 • Resistance: 5,215 • Recommendation: Buy with bullish outlook 3. Tata Steel • Support: 124.50 • Resistance: 143 • Recommendation: Buy with medium-term potential FII/DII Activity (January 30, 2025) • FII Net Sales: ₹4,920.69 crore • DII Net Purchases: ₹6,814.33 crore Market Sentiment
Traders are advised to remain cautious with the Union Budget approaching. The market shows potential for a positive session, but volatility is expected. Key Factors to Watch • Union Budget announcement on February 1 • Ongoing global market trends • Sector-specific movements Recommendation
Maintain a selective approach with strict risk management strategies. CAUTION NOTE:
DISCLAIMER: The recommendations provided are for EDUCATIONAL PURPOSES ONLY. Investors and traders must exercise their own risk management measures, conduct independent research, and consult with a qualified financial advisor before making any trading or investment decisions. Market investments carry inherent risks, and past performance does not guarantee future results.