Pre Market 31 July 2025: Nifty Eyes 25,000; Metals & PSU Banks in Focus
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Indian stock market pre-market analysis for 31 July 2025: Nifty near 25,000, metals and PSU banks poised to rally, key stocks like Tata Steel, GHCL, Canara Bank, and NTPC on radar.
Pre-Market Analysis 31 July 2025: Nifty Eyes Stability Amid Global Volatility
Market Snapshot (Previous Close)
- Nifty 50: 24,855.05
- Bank Nifty: 56,150.70
- Sensex: 81,481.86
- Fin Nifty: 26,703.50
Gift Nifty: Indicating mild nagetive bias, reflecting cautious optimism after overnight US market swings and mixed Asian cues.
Global Cues
- US Markets: Dow and Nasdaq closed mixed as investors awaited fresh inflation data; tech stocks showed resilience.
- Crude Oil: Stable near $82/barrel; supply concerns balanced by weak demand data.
- Dollar Index: Slightly stronger, but INR steady around 83.15/USD.
- Asian Markets: Mixed opening with Nikkei down, Hang Seng up; China stimulus hopes supportive.
Sector-Wise Outlook
Likely Bullish Today
- Metals: Tata Steel showing strong support; expected rally toward 170–185+.
- Power & Energy: NTPC active; focus on derivatives action and defensive buying.
- Banks: CANBK options heating up, private banks consolidating near support zones.
Mixed Trends
- FMCG & Auto could see profit booking at higher levels.
- IT remains range-bound; watch for US tech earnings impact.
Stock Ideas for 31 July 2025
Tata Steel (CMP 161.80)
- Support Zone: 158–155
- Target: 170–185+
- View: Buy on dips; metals sector leadership likely to continue.
GHCL (CMP 630)
- Buy: At CMP
- Target: 675–690
- SL: 605
- View: Momentum build-up; high delivery volumes seen.
Canara Bank (CMP 108)
- Options Play: August 120 CE @ 0.60 & 110 CE @ 3
- Target (Cash): 116 short-term; 125 on sustained breakout.
Grasim (CMP 2757)
- August 2800 CE: CMP 57; accumulate near 40–45; SL 30.
- View: Positional, high beta play post results buzz.
NTPC (CMP 339.5)
- August 335 PE: CMP 5; SL above 345
- Target: 322–315 (hedge strategy).
Technical Levels to Watch
Nifty 50
- Supports: 24,800 / 24,720 / 24,650
- Resistance: 24,920 / 25,050
- Bias: Positive above 24,900; weak below 24,750.
Bank Nifty
- Supports: 55,900 / 55,650
- Resistance: 56,450 / 56,750
- Bias: Buy dips if holds 56,000; potential breakout above 56,450.
FII & Sentiment Data
- FII Positioning: Index longs at ~29%, slightly up from previous session.
- India VIX: Hovering near 11.3 (record low), indicating complacency – sharp moves possible ahead.
- PCR (Put-Call Ratio): 0.82 – slightly oversold, hinting at bounce probability.
Key Trigger
- Jio Financial’s board meeting on 30 July regarding fund raising – heavy volatility expected in BFSI space today.
“Metals roar, PSU banks stir, and all eyes on Reliance-led Nifty surge – will 25,000 finally give way?”
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