Pre Market Report Today: SGX Nifty, Global Cues, Stocks in Focus
Date: July 22, 2025 | Author: News Network India
📌 Table of Contents
📈 SGX Nifty Today
The SGX Nifty is indicating a positive start to the Indian markets today. At 7:45 AM IST, SGX Nifty is trading around 23,850 levels, up by 75 points. This suggests bullish sentiment and higher investor optimism for the day ahead.
🌍 Global Market Cues
Global markets were mixed overnight, with Wall Street ending slightly higher amid strong earnings reports and easing inflation concerns. Here's a quick snapshot:
- Dow Jones: +0.45%
- Nasdaq: +0.60%
- S&P 500: +0.50%
- Nikkei: -0.20%
- Hang Seng: +0.15%
- Crude Oil: $83.75/barrel
- USD/INR: ₹82.60
📊 Nifty & Sensex Technical Analysis
Nifty 50: Closed at 23,765 yesterday. Resistance lies at 23,900 and 24,050. Support levels are 23,650 and 23,500.
S&P BSE Sensex: Closed at 78,950. Resistance at 79,200; support near 78,400.
Technical indicators like SuperTrend and EMA (Exponential Moving Averages) suggest a cautious bullish trend. RSI is neutral at 52, showing there’s room for both sides.
📌 Top Stocks in Focus Today
- Reliance Industries: Q1 results beat estimates.
- HDFC Bank: FII inflows expected to boost sentiment.
- Infosys: Tech rebound supports recovery.
- Adani Enterprises: Under SEBI radar; expect volatility.
- IRCTC: New ticketing system announcement likely.
🔍 Sectoral Trends to Watch
Positive: IT, Banking, Capital Goods
Neutral: FMCG, Auto
Weak: Pharma, Realty
FIIs and DIIs are expected to continue buying in the banking and infra sectors, driving momentum in Nifty Bank and Nifty Infra indices.
🎯 Market Opening Strategy
Traders should look to buy near support zones with tight stop-loss. Avoid chasing gaps at open. Key level to watch: 23,650. If this holds, expect upside till 24,050.
📅 Economic Data & Market Impact
Today’s key macroeconomic indicators:
- India: Weekly forex reserves
- US: Jobless claims data to be released
- China: Industrial production data expected
These indicators may influence global and domestic market direction.
✅ Conclusion
Overall, markets are likely to open higher led by strong global cues and positive domestic triggers. SGX Nifty suggests a gap-up start. Stay stock specific and follow strict risk management.
Also read:
❓ Frequently Asked Questions
What is SGX Nifty and how does it affect Indian markets?
SGX Nifty is a derivative of Nifty traded on the Singapore Exchange. It serves as an early indicator of where Indian markets may open.
Which sectors are expected to perform today?
Banking and IT sectors are expected to lead the gains based on current technical and fundamental cues.
Should I trade at market open?
Experts suggest waiting till post-10 AM to avoid volatility traps and to confirm market direction with volume support.
0 Comments