Pre-Market Overview – May 29, 2025
As Indian equity markets prepare to open, traders and investors are watching key global and domestic signals. Here’s what to expect from today’s session based on overnight movements and macroeconomic cues.
🌐 Global Market Snapshot
- US Markets:
The Dow Jones ended marginally higher (+0.12%), while Nasdaq and S&P 500 closed flat amid concerns around interest rates and inflation trajectory.
🔍 Focus: Fed officials indicated no rate cuts till clear signs of inflation easing. - Asian Markets:
Mixed trends.- Nikkei 225: Up 0.35%
- Hang Seng: Flat
- Shanghai Composite: Slightly in red
Sentiment remains cautious ahead of Chinese manufacturing data and geopolitical tensions.
- SGX Nifty:
Trading flat around 22,600, suggesting a muted open for Nifty 50. - Crude Oil:
Brent crude is trading at $83.15, slightly up due to tightening inventories. Higher oil prices could pressure oil-importing nations like India. - USD/INR:
Trading at 83.10. Stable rupee could support foreign inflows today.
📊 Sector-Wise Outlook
✅ Banking & Financials
- Private and PSU banks remain resilient.
- Watch for SBI, HDFC Bank, and Kotak Mahindra Bank.
- RBI policy expectations and loan growth data may influence sentiment.
⚙️ IT & Tech
- Mixed outlook as Nasdaq shows volatility.
- Keep an eye on Infosys, TCS, and Tech Mahindra for signs of accumulation.
🛢️ Energy & Oil
- Oil marketing companies like BPCL and IOC may see some profit booking as crude rises.
🏭 Metals
- Mild correction in global metals may weigh on stocks like Tata Steel and JSW Steel.
- China’s upcoming economic data could be a decider for direction.
🏗️ Real Estate & Infra
- Positive momentum due to strong pre-monsoon construction activity and REIT inflows.
- DLF, Godrej Properties may stay active.
🔎 5 Stocks to Watch Today
- Reliance Industries – Technical breakout nearing 2,900. Keep an eye on volume confirmation.
- HDFC Bank – Bullish RSI trend, steady support around 1,470.
- Bharti Airtel – Strong MACD and price action; may cross ₹1,300.
- Tata Motors – Continues to hold post-F&O rollover; attractive for intraday trades.
- HAL – Defense spending push and delivery milestones are bullish signs.
📈 Nifty & Bank Nifty Setup
- Nifty 50 Key Levels:
Support: 22,550 | Resistance: 22,750
RSI: 58 | MACD: Neutral | Bias: Sideways to Positive - Bank Nifty Key Levels:
Support: 48,200 | Resistance: 48,750
RSI: 62 | MACD: Slight bullish crossover | Bias: Uptrend if it holds above 48,400
🧠 CapitalKeeper’s Morning Strategy
✔️ Avoid aggressive trades at open – Let the trend establish.
✔️ Track global news – Especially any Fed commentary or geopolitical tensions.
✔️ Use RSI/MACD confirmations on 15-minute charts for intraday entries.
✔️ Focus on stocks showing pre-market volume and delivery cues.
💼 Final Word
Pre-market cues point to a cautious but steady start for Indian indices. While global volatility persists, India remains relatively resilient with a strong domestic economy. Stay tuned to CapitalKeeper for live updates and actionable insights.
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