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Pradeep Carpenter

6th Feb · SEBI-Registered Analyst

Market Morning View

Indian markets failed to sustain early weekly gains and slipped in the last few sessions amid a global sell-off. Weak cues from overseas markets, especially the US, have kept sentiment cautious, with IT stocks leading the decline. Nifty Outlook Nifty continues to face selling pressure at higher levels. Support: 25,480–25,500 Resistance: 25,720 View: A move above 25,720 may trigger short covering, while a break below 25,480 could invite further downside. Bank Nifty Outlook Bank Nifty declined in the previous session and is trading near 60,000 on daily charts. Support: 59,600–59,700 Resistance: 60,500 Trend: Neutral as long as it holds above 59,600. Below this, weakness may extend. Sectoral View IT: Likely to remain under pressure due to weak US tech cues. Auto & FMCG: Relatively resilient; good buy-on-dips candidates. Results Today BEML, BOSCHLTD, CESC, JK TYRE, LEMONTREE, MRF, SCI, SHREECEM, SIEMENS, TATASTEEL Buzzing Stocks

BHARTIARTL
: Profit down 55% YoY – Neutral to Negative
NYKAA
: Profit up 142.4% YoY – Positive
ASTRAL
: Profit down 5.6% YoY – Negative
NCC
: Profit down 36.6% YoY – Negative Morning Strategy Markets remain cautious due to global uncertainty. Focus on stock-specific opportunities, avoid aggressive positions, and trade with strict risk management.

#Pre-OpeningCommentary#Today’sTradingSetup#IndexStrategies#StockInNews#EquityResearch
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