Pre Market 17 July 2025: Nifty Eyes Breakout; Manappuram, PowerGrid & Shriram Finance on Radar
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
📰 Pre-Market Outlook – 17 July 2025 | CapitalKeeper.in
Nifty closes near 25,212; Gift Nifty signals a positive open. Sectors in focus: Financials, Power, and NBFCs. Options trade setups on Manappuram & PowerGrid. Full technical view inside.
📊 Market Recap – 16 July 2025
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 25,212.05 | ▲ +16.25 pts |
| Bank Nifty | 57,168.95 | ▲ +162.30 pts |
| Sensex | 82,634.48 | ▲ +63.57 pts |
| Fin Nifty | 26,916.40 | ▼ -12.55 pts |
Indian markets continued their upward grind, supported by private banks, NBFCs, and selective PSU stocks. Broader market consolidation continues with rotational activity.
🌐 Global Market Snapshot
- Gift Nifty trades around 25,300, indicating a positive start.
- US Markets (16 July):
- Dow Jones: +0.38%
- Nasdaq: +0.12%
- S&P 500: +0.24%
- Brent Crude: $79.22 – Slightly firm
- Dollar Index (DXY): 104.02 – Stable
- India VIX: 12.45 ↓ – Still low; signals confidence
Global markets are upbeat on improving U.S. earnings and cooling inflation indicators. Asian cues are mostly positive this morning.
📈 Key Technical Levels
🔹 Nifty 50 (Close: 25,212.05)
- Supports: 25,080 / 25,000 / 24,880
- Resistance: 25,300 / 25,395 / 25,560
📌 Break above 25,300 can unlock swift momentum towards 25,560 zone.
🔹 Bank Nifty (Close: 57,168.95)
- Supports: 56,700 / 56,400
- Resistance: 57,300 / 57,525 / 57,750
🔹 Fin Nifty (Close: 26,916.40)
- Supports: 26,750 / 26,620
- Resistance: 27,120 / 27,300
🔍 Sectoral Outlook – 17 July 2025
| Sector | Trend | Remarks |
|---|---|---|
| NBFCs & Financials | Bullish | Shriram Finance, LICHSGFIN showing strength |
| Power & Utilities | Positive | PowerGrid active in derivatives |
| PSU Banks | Stable | Range-bound, but no major weakness |
| Private Banks | Strengthening | ICICI, HDFC Bank firming up |
| Pharma | Mixed | Awaiting breakout in Dr. Reddy’s, Cipla |
| IT | Weak Bias | Avoid aggressive longs for now |
| Metals | Consolidating | Hindalco, Tata Steel cooling off |
📊 Derivative Snapshot
- FII Index Longs: 30.10%
- Nifty PCR: 0.88
- Bank Nifty PCR: 0.94
- India VIX: 12.45 ↓ – Still conducive for trending setups
💡 Trade Ideas – 17 July 2025
1️⃣ Manappuram Finance – CMP ₹270
- August 300 CE @ ₹2.65
- Stoploss: ₹263 in underlying
- Targets: ₹280 / ₹300 / ₹311
📈 Technical View: Strong base near ₹260, options offer favorable R:R for 3–4 week expiry.
#OptionsTrade #DeliveryPossible
2️⃣ PowerGrid – August 300 CE @ ₹9.2
- Stoploss: ₹6
- Target: ₹320 in cash (Stock Target)
📈 Breakout setup on daily charts with heavy OI buildup in 300 & 310 CE.
#FNO #CashConfirmation
3️⃣ Shriram Finance – CMP ₹668
- Action: Buy at CMP
- Stoploss: ₹625
- Targets: ₹717 / ₹750
📈 Well-positioned in NBFC theme; forming higher highs and ready for positional move.
#Cash Positional
🧭 Intraday Strategy – CapitalKeeper View
- Long bias to continue if Nifty holds 25,080 and Bank Nifty holds 56,700.
- Manappuram CE and PowerGrid CE offer good reward at low cost.
- Shriram Finance likely to outperform peers in NBFC space.
🔔 Intraday Levels at a Glance
| Index | Supports | Resistances |
|---|---|---|
| Nifty | 25,080 / 25,000 | 25,300 / 25,395 / 25,560 |
| Bank Nifty | 56,700 / 56,400 | 57,300 / 57,750 |
| Fin Nifty | 26,750 / 26,620 | 27,120 / 27,300 |
📣 CapitalKeeper Quick Wrap
✅ Market breadth positive
✅ Global cues supportive
✅ Options positioning favors further upside
🚫 Avoid IT, FMCG till momentum returns
💡 Focus on sectors with delivery strength – NBFCs, Power, and selected large-caps
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