Pre Market 29 July 2025: Jio Financial Fundraising Buzz, Nifty Support-Resistance, Sector Trends
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Indian stock market pre-open: Nifty at 24,680, Jio Financial fundraising triggers buzz. Key levels, sector outlook, and stock picks for 29 July 2025.
Pre Market 29 July 2025: Jio Financial’s Big Fundraising Buzz & Technical Outlook on Nifty, Bank Nifty
Nifty @ 24,680 | Bank Nifty @ 56,084 | Sensex @ 80,891 | Fin Nifty @ 26,615
Global Market Pulse
- US Markets: Dow closed slightly positive amid Fed commentary hinting at gradual policy recalibration. Nasdaq tech surge drives sentiment higher.
- Asian Markets: Mixed cues — Nikkei flat, Hang Seng gains 0.6%.
- Gift Nifty: Indicates a muted-to-positive start around 24,720, hinting at consolidation before key domestic triggers.
- Dollar Index: Stable at 103.2; Crude steady near $82 — favorable for Indian macros.
Domestic Highlights – The Big Buzz: Jio Financial Services
- Board Meet Alert: Jio Financial Services to consider fund raising on 30 July 2025.
- This could unlock aggressive expansion into lending, insurance, and payments. Expect volatility & possible breakout moves in the stock.
- Sentiment in financial services and NBFC space likely to remain high today.
Technical View: Nifty, Bank Nifty & Sensex
Nifty 50 (24,680.90)
- Support: 24,600 / 24,520
- Resistance: 24,750 / 24,900
- Futuristic Take: Sustaining above 24,750 could trigger a short-covering rally toward 25,000+. Below 24,520, expect profit-booking.
Bank Nifty (56,084.90)
- Support: 55,800 / 55,500
- Resistance: 56,400 / 56,800
- Futuristic Take: A breakout above 56,400 could open gates for 57,000. Keep an eye on PSU banks for leadership.
Sensex (80,891.02)
- Consolidating above 80,500; momentum revival likely if Nifty crosses 24,750.
Fin Nifty (26,615.20)
- Directly impacted by Jio Financial News. Watch for heavy volumes.
Sectoral Watch
Likely Outperformers
- Financial Services & NBFCs – Jio Financial ripple effect.
- Auto – Pre-festive accumulation visible; Ashok Leyland key watch.
- PSU Banks – Momentum continues with high PCR and low VIX.
Mixed Trend
- IT, Pharma – Range-bound but may support market on dips.
- Metals – Global commodity cues driving short-term volatility.
Stock Radar
- Jio Financial Services – Fundraising event trigger; accumulation possible on dips.
- Ashok Leyland (CMP 123.50) – August 120 PE @ 2; SL 126 cash, tgt 118-114 – short-term tactical play.
- HDFC Bank / Kotak Bank – Beneficiaries of positive financial services buzz.
- PSU Banks Basket – SBI, Bank of Baroda showing OI buildup.
- Reliance Industries – Consolidation; watch for 1,400 reversal zone.
Pre-Market Takeaway
This session has high viral potential with the Jio Financial mega-news dominating chatter across trading forums. Expect Twitter/X, Telegram & Instagram reels buzzing with fundraising speculations. Traders will watch 25,000 Nifty mark as a psychological level — a breakout could fuel meme-driven FOMO rally into expiry week.
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