Pre-Market Summary for Thursday, February 06, 2025 Market Outlook • GIFT Nifty: Trading at 23,804, indicating a positive 0.25% opening • Expected Market Range: 23,500-24,000 • Key Focus: RBI Monetary Policy announcement on February 7 Technical Analysis
Nifty 50: • Current Support: 23,600 • Resistance: 24,000-24,200 • Trend: Short covering rally with bullish head and shoulder pattern Key Market Drivers • RBI MPC meeting ongoing • Q3 Corporate Earnings (SBI, ITC, Hero MotoCorp) • Global trade tensions softening • FII selling continues Foreign & Domestic Investor Activity • FIIs: Net sellers of ₹1,682.83 crore • DIIs: Net buyers of ₹996.28 crore Stocks to Watch • Aditya Birla Fashion and Retail • L&T Finance • Tech Mahindra • State Bank of India (Earnings) • ITC (Earnings) Caution Note
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