Global Market Rally: Key Stock Picks & Nifty Analysis for January 23, 2025*

In this episode, we dive into the global market trends and actionable insights for today’s trading. With record-high closings in both US and European markets and strong domestic earnings, there’s optimism in the air. However, challenges like global trade concerns and FII selling could influence market sentiment.

*Key Highlights:*

- *Market Outlook:* Positive open expected, supported by US/European rallies, falling oil prices, and strong earnings from companies like HUL, Tata Communications, and HDFC Bank.

- *Intraday Volatility:* While optimism prevails, intra-day fluctuations due to trade war concerns and continued FII selling could impact short-term market behavior.

- *Technical Analysis:* Nifty shows a bullish pullback, respecting lower levels while maintaining key support and resistance zones.

- *Sector Focus:* Stocks like Wipro, Muthoot Finance, and Bajaj Finance show positive setups. Watch out for weakness in ICICI Prudential, Lodha, and Persistent Systems.

- *Market Data:* FII selling continues, but DIIs remain active buyers. Nifty range seen between 22,700 to 23,600.

*Actionable Takeaways:* For today’s trade, monitor key levels in Nifty (23,200) and Bank Nifty (49,000). Look out for stock opportunities in both bullish and bearish sectors.

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