📅 Sunday, February 2nd, 2025 | 4 PM
As we move past the Union Budget, all eyes are now on the upcoming RBI Monetary Policy Committee (MPC) meeting. The start of 2025 has been challenging for Nifty, which remains 12% below its all-time high of 26,277.35, recorded in September 2024.
From a technical perspective, Nifty trading below its 200-day moving average (DMA) signals a bearish trend. Additionally, global macroeconomic factors, including US President Donald Trump’s aggressive trade policies, could add uncertainty and volatility to the market.
Key Market Drivers This Week – Riddhi Siddhi Share Brokers’ Insights
🔹 RBI MPC Outcome (February 7th): After the US Fed kept rates unchanged, hopes are high for a 25 bps rate cut by the RBI. The government’s middle-class-friendly budget, which included income tax exemptions for earnings up to ₹12 lakh, could support consumer demand, making a rate cut even more likely.
🔹 Delhi Assembly Elections (February 5th Voting | February 8th Results): The political outcome may impact market sentiment.
🔹 US Non-Farm Payroll (NFP) Data (February 7th): This key global market event could influence Foreign Institutional Investor (FII) flows into Indian equities.
Corporate Earnings to Watch This Week
📅 Monday, February 3rd: CASTROL, DIVISLABS, RELIGARE, SNOWMAN, TATACHEM
📅 Tuesday, February 4th: ASIAN PAINTS, BAJAJ ELECTRICALS, TITAN, TORNT POWER
📅 Wednesday, February 5th: ABBOTINDIA, GUJGASLTD, NAUKRI, PAGEIND, SWIGGY
📅 Thursday, February 6th: BHARTI AIRTEL, BRITANNIA, HEROMOTOCORP, ITC, SBIN
📅 Friday, February 7th: M&M, OIL, DELHIVERY, EDELWEISS, LINDEINDIA
Technical Market Overview – Nifty & Bank Nifty Trends
🔸 Nifty (CMP 23,482)
📉 Support: 23,010 / 22,786
📈 Resistance: 23,751 / 24,001
📊 Trading Range: 23,121 – 23,722
📉 200 DMA: 24,006
🔸 Bank Nifty (CMP 49,507)
📉 Support: 48,400 / 46,880
📈 Resistance: 50,670 / 52,000
📊 Trading Range: 48,700 – 50,555
📉 200 DMA: 50,840
📌 Bias: Neutral on both indices. Nifty may turn bearish if it closes below 23,000.
📈 Preferred Trade: Buy Nifty in the 23,322 – 23,344 zone for targets of 23,597 / 23,651. Stop at 22,900.
Sectoral View – Riddhi Siddhi Share Brokers’ Market Outlook
✅ Bullish Sectors: FMCG, Realty, Metals, Auto
❌ Bearish Sectors: Pharma, IT
Stocks in Focus
📈 Bullish Stocks:
🚀 ITC, ZOMATO, HUL, M&M, BAJFINANCE, MARUTI, INDIGO, TRENT, TATACONSUM
📉 Bearish Stocks:
⚠️ L&T, JSW ENERGY, IRCTC, POLYCAB, RECLTD, HCLTECH, MPHASIS, JINDALSTEL
Stock Pick: Alivus Life Sciences (CMP ₹1,155) – Riddhi Siddhi Share Brokers’ Research
🔹 Target: ₹1,700
🔹 Holding Period: 12-15 Months
🔹 Sector: Pharma | Theme: API & CDMO Growth
🔹 Strong Financials: Q3 Revenue +12% YoY, EBITDA +15.2% YoY, PAT ₹1,370 Mn
🔹 Technical Outlook: Strong support at ₹1,000, 200 DMA at ₹993
📌 Preferred Strategy: Buy at CMP, targets ₹1,300 / ₹1,500, with an aggressive target of ₹1,700. Stop at ₹789.
Final Takeaway from Riddhi Siddhi Share Brokers
📉 Watch for Nifty’s 23,000 level—if breached, expect further downside to 21,281.
📈 A potential RBI rate cut could be the biggest market trigger this week.
📊 Stay cautious on IT & Pharma; focus on FMCG & Auto.
🚀 For personalized stock market insights & investment strategies, connect with Riddhi Siddhi Share Brokers today!
📌 Disclaimer:
This post by Riddhi Siddhi Share Brokers is for educational and informational purposes only. It is not intended as investment advice. Stock market investments are subject to market risks, and past performance does not guarantee future returns. Riddhi Siddhi Share Brokers is not responsible for any financial losses incurred based on this content. Investors should conduct their own research or consult a SEBI-registered financial advisor before making any investment decisions.