Good morning! Pre-Market Summary for Monday, February 03, 2025 Market Levels and Outlook Nifty 50: • Support Levels: 23,283 and 23,159 • Resistance Levels: 23,682 and 23,805 • Key Technical Indicator: Trading above 20-day EMA with positive momentum Bank Nifty: • Support Levels: 49,000-48,900 • Resistance Levels: 50,000-50,100 • Potential Upside Target: 50,700 and 51,300 Sensex: • Support Levels: 76,885 and 76,501 • Resistance Levels: 78,127 and 78,511 • Key Level: 50-day EMA zone at 78,100-78,200 Stocks to Watch
Top Performers: TRENT, ITC HOTELS, MARUTI, TATA CONSUMER, EICHER MOTORS
Potential Underperformers: BEL, POWERGRID, L&T, GRASIM Market Sentiment • Budget impact continues to influence market • Consumption sectors expected to remain strong • India VIX dropped to 14, indicating reduced volatility DII/FII Activity
Foreign Institutional Investors (FIIs) continue to show exit trends, but historical patterns suggest a potential rebound. Technical Indicators • Nifty RSI at 51.5 • Bullish Engulfing candlestick pattern observed • Positive crossover signals in weekly RSI Caution Note
DISCLAIMER: The recommendations provided are for educational purposes only. Investors must exercise their own risk management measures and consult a qualified financial advisor before making any trading or investment decisions. Market risks are subject to change, and past performance does not guarantee future results.