Pre Market 28 July 2025: Nifty Outlook, Gift Nifty Cues & Stocks on Radar – SPIC, Gravita, Shyam Metalics
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Pre Market 28 July 2025: Nifty Eyes 25,000 Amid Global Cues; PSU & Metals on Radar
Market Recap (27 July 2025 Close)
- Nifty 50: 24,837.00 (-0.48%)
- Bank Nifty: 56,528.90 (-0.64%)
- Sensex: 81,463.09 (-0.52%)
- Fin Nifty: 26,808.00 (-0.38%)
Friday’s session witnessed profit booking across heavyweights, with PSU banks and metals providing intraday support. Options data indicates consolidation between 24,700–25,000 zones.
Gift Nifty Update
Gift Nifty traded around 24,890 (+35 points) early Monday, hinting at a mildly positive open amid global markets recovering from last week’s risk-off sentiment.
Global Cues
- US Markets: Dow +0.2%, Nasdaq +0.5% as tech rebounded on AI earnings optimism.
- Asian Markets: Mixed; Nikkei up 0.3% while Hang Seng slips 0.2% on property sector concerns.
- Crude Oil: Brent at $84.9/bbl – stable amid supply constraints from OPEC+.
- Dollar Index (DXY): Hovering near 103.4, providing rupee some stability.
- India VIX: At 11.20 (multi-month low) – supporting bullish undertone for positional traders.
Sectoral Outlook
Bullish Sectors
- Metals: Positive MACD & breakout patterns in Hindalco, NMDC, and Shyam Metalics.
- PSU Banks: Continues upward momentum; Canara Bank, PNB attractive at support zones.
- Midcaps/Smallcaps: Strong volume-based breakouts in Gravita and SPIC.
Neutral/Mixed Sectors
- IT & FMCG remain range-bound; await breakout confirmations.
- Auto could witness volatility ahead of monthly sales data.
Key Levels to Watch
Nifty 50 (24,837)
- Support: 24,700 / 24,550
- Resistance: 24,950 / 25,100
- View: Sustaining above 24,950 could open room to 25,250–25,300.
Bank Nifty (56,528)
- Support: 56,200 / 55,800
- Resistance: 57,000 / 57,300
- View: Momentum to pick up above 57,000; avoid longs below 55,800.
Stocks on Radar (Short-Term Trades)
1. SPIC (CMP 98)
- Setup: Resistance breakout with heavy volume; highest weekly close.
- Support: 80–85
- View: Positive MACD daily/weekly; potential short-term upside.
2. Gravita (CMP 1886)
- Setup: Rebounding from trendline support.
- Volume: Rising with positive MACD.
- View: Good for short-term accumulation.
3. Blackbuck (CMP 464)
- Setup: Near trendline resistance; breakout possible above 475.
- Support Zone: 410–430.
4. Shyam Metalics (CMP 969)
- Setup: Resistance breakout with strong volume confirmation.
- Support: 900–920.
- View: Momentum buy on dips.
Pre-Market Strategy
- Bias remains buy-on-dips as long as Nifty sustains above 24,700.
- Watch for 25,000 psychological level breakout; could trigger fresh F&O activity.
- Metals, PSU Banks, and select midcaps (SPIC, Gravita) remain high-conviction picks.
- Manage trades with strict stop-losses amid low VIX but potential intraday volatility.
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