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SASI KUMAR SEBI RA

24th Apr 2025 · SEBI-Registered Analyst

Pre Market Analysis on 24-04-2025

Global Market Overview United States: The US markets closed on a strong note yesterday. The Nasdaq surged by +2.50%, and the S&P 500 gained +1.88%, reflecting positive investor sentiment.​ Europe: European markets also ended positively, indicating a favorable global economic outlook.​ Asia: Asian markets presented a mixed picture this morning. For instance, Japan's Nikkei 225 rose by 1.07%, while South Korea's Kospi declined by 0.54%. Indian Market: On April 23, the Indian markets extended their winning streak for the seventh consecutive session. The Nifty 50 closed at 24,328, up by 0.67%, reaching a more than four-month high. GIFT Nifty futures were trading at 24,268.5, approximately 50 points lower than the Nifty futures' last close, suggesting a muted start for the Indian markets today. Key Technical Levels Nifty 50: Resistance: 24,800 Support: 23800 ​ Bank Nifty: Support Zone: 54,000 – 53,500 Despite strong global cues, the Indian markets may open slightly lower today, as indicated by the GIFT Nifty.​ The overall trend remains positive, suggesting a "buy on dips" strategy.​ Investors should monitor key support and resistance levels and focus on stock-specific opportunities.

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