Pre-Market Summary for Tuesday, February 04, 2025 Market Levels and Outlook Nifty 50: • Support Levels: 23,250 and 23,000 • Resistance Levels: 23,500-23,600 and 24,000 • Key Technical Indicator: Defended 20-day SMA with bullish candlestick pattern Bank Nifty: • Support Levels: 48,900 and 48,800 • Resistance Levels: 49,500-50,000 • Potential Trading Range: 48,800 to 50,000 Sensex: • Support Levels: 77,000-76,800 • Resistance Levels: 77,500-77,800 • Key Level: 20-day Simple Moving Average zone Stocks to Watch
Top Recommendations: • Reliance Industries: Buy target ₹1,550 (+24%) • Dixon Technologies: Buy target ₹21,000 (+45%) • IRB Infrastructure: Neutral target ₹63 (+19%) • Jyothi Labs: Accumulate target ₹450 (+8%) • Sun Pharma: Hold target ₹1,900 (+9%) DII/FII Activity (Previous Day) • FIIs Net Sell: ₹3,958 crore • DIIs Net Buy: ₹2,708 crore • Year-to-Date: FIIs net sold ₹92,651 crore, DIIs net bought ₹90,121 crore Market Sentiment • Global trade tensions impacting market • Volatility expected due to recent tariff announcements • Rupee at record low of 87.29 per USD Trading Strategy • Range-bound trading recommended • Watch for breakouts above 23,500 in Nifty • Bank Nifty: Buy on dips, sell on rises strategy 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.