Pre Market Outlook 23 July 2025: Insurance Stocks in Focus; NMDC, TCS & Havells Eye Breakouts
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
📊 PRE MARKET REPORT – 23rd July 2025 (Tuesday)
By CapitalKeeper.in | Early Morning Technical, Sectoral & Sentiment Analysis with Breakout Radar
CapitalKeeper Pre Market Report for 23 July 2025. Nifty stable near 25,060. Insurance stocks buzzing on GST news. Breakout radar: NMDC, TCS, Havells. Accumulate on dips as V-shaped recovery expected.
🔔 Previous Day Close – 22nd July 2025
| Index | Closing Level |
|---|---|
| Nifty 50 | 25,060.90 |
| Bank Nifty | 56,756.00 |
| Sensex | 82,186.81 |
| Fin Nifty | 26,990.45 |
🌏 Global Cues & GIFT Nifty Trend
- GIFT Nifty trades near 25,130, suggesting a flat-to-positive start.
- US markets remained choppy with a slight positive bias as earnings season continues. Nasdaq led tech-heavy recovery.
- Asian markets are mixed; Nikkei up 0.5%, SGX Straits flat.
- Crude oil steady around $82/barrel; USDINR at 83.31.
- India VIX remains below 11, continuing to show market calm with lower volatility expectations.
📰 BIG NEWS – Insurance Sector Buzz
📣 As per Moneycontrol reports, GST might be removed on Term Life Insurance & Senior Citizen Health Insurance, a major positive trigger for:
- LIC, HDFC Life, ICICI Prudential, SBI Life, Star Health, etc.
- Expect strong buying interest in insurance stocks if confirmed.
🔍 Sectoral Outlook – 23rd July 2025
🔼 Likely Outperformers:
- Insurance & Financial Services – Driven by GST exemption speculation
- IT & Tech Majors – TCS breakout momentum continues
- Mining & Metals – NMDC, GMDC sustaining strength
- Capital Goods – Havells, Siemens in trend continuation
🔽 Weak/Neutral Sectors:
- Pharma – Lack of fresh triggers
- Midcap FMCG – Valuation concerns post earnings
🔎 Technical View – Nifty & Bank Nifty
Nifty 50 (Close: 25,060.90)
- 📊 Nifty held the 25,000 zone despite intraday volatility.
- ⚠️ Important level to watch: 25,180 (breakout point)
- 🔻 Support: 24,880 / 24,750
- 🟢 Resistance: 25,200 / 25,400
📌 Any panic in next 1–2 sessions should be used to accumulate fundamentally strong stocks as sharp V-shape recovery expected post dip.
Bank Nifty (Close: 56,756.00)
- ⏸️ Struggling below 57,000.
- 🔻 Support: 56,100 / 55,800
- 🟢 Resistance: 57,400 / 57,800
- ⚠️ Wait for confirmation of bottom formation; PSU banks remain more stable than private names.
🧾 Top Stock Ideas – 23rd July 2025
🔹 NMDC (Close ₹71.90)
- 📈 Channel breakout on cards
- 🟢 Above ₹73 – doors open for ₹90+
- 🛡️ Support near ₹68
- 📊 Accumulate on dips; positive risk-reward setup with volume uptick
🔹 TCS (CMP ₹3,164) – Options Strategy
- 📤 Buy August 3200 CE @ ₹73
- ❌ SL: ₹65
- 🎯 Target: ₹85 – ₹95
- 📈 Strength in IT majors; option premium attractive with breakout nearing.
🔹 Havells (CMP ₹1,551) – Positional Trade
- 📤 Buy August 1600 CE @ ₹28
- 💼 Hold for next 2–3 weeks
- 🔍 Price nearing breakout zone; sector rotation may benefit electrical & capital goods segment
📍 Market Strategy Insight:
If panic comes in next 2 days, DO NOT panic sell.
🔁 It may be a short-term shakeout, followed by a V-shaped bounce.
🎯 Use dips to accumulate high-quality names in:
- Insurance (LIC, HDFCLIFE, SBILIFE)
- Infra & Capital Goods (L&T, Havells)
- Metals (NMDC, Hindalco)
⚡ Stock Radar – Continue to Track
- GMDC (CMP ₹435) – Resistance breakout near ₹445-450
- Prakash Industries (CMP ₹178) – Volume breakout with MACD confirmation
- Capital SFB (CMP ₹309) – Trendline breakout, short-term momentum expected
🧠 Final View
Despite short-term market consolidation, the structure remains bullish. Expect volatility but don’t let it shake your long-term view. Stay stock-specific, avoid index options unless strong directional bias is visible.
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