WEEKLY TRENDSETTER (MARCH 14,2025)
| 2025 | FEB 28 | MARCH 7 | Ch % |
| NIFTY | 22124 | 22552 | +1.93 |
| BANK NIFTY | 48344 | 48497 | +0.32 |
| USD/INR | 87.38 | 86.94 | -0.50 |
MARKET REVIEW-The week began on a sour note but lower levels started witnessing buying and short covering. A rally began with the mid cap and small cap stocks also showing good gains improving sentiment. Fall in crude prices and the weakening of the dollar also boosted confidence.
INTERESTING CUES
AI generated demand for power could outstrip supply
Data centers are at the cusp of explosive growth and along with that demand for power and water also will accelerate. Data centers sizes have now reached levels of 120 MW. Capacity of data centers has trebled to 920 MW over the past 4 years and set to quadruple in the coming years and estimated to touch 3.6 GW by 2030.Significant chunk of them still rely on grid-based supply. Only 20 % of the power supplied by discoms comes from non-fossil fuel and despite rising capacities of solar& wind generated power, the catch up to be done could be still be formidable.
Blue Star targets 30-35% of commercial refrigeration space
The company is planning capex of Rs 400 cr in FY26 to expand its manufacturing capacities across room air-conditioners, commercial air-conditioning and refrigeration. Historically the company has had strong presence in the commercial area which is also giving strong signals as demand is expected to increase in 3 areas-dairy and ice-cream, pharma and quick service restaurant and quick commerce. Data centers growth is also likely to spur demand.
NIFTY –The index did bounce back as expected below levels of 22000 as it was into oversold territory. It managed to go past 22500 and also closed for the week above that level. The recovery was broader based. For the coming week 22800 will be a hurdle while levels of 22200-300 should provide support.
BANK NIFTY-The index was largely a laggard and the recovery seen was to a lesser degree. Levels of 47800 still remains vulnerable while on the upside 48900-49000 needs to be cleared decisively to boost confidence.
STOCK PICKS
HAL (3450) -The stock saw a good correction from levels of 5675 to 3045 from where some recovery to levels of 3450.It has also made a bullish engulfing pattern on weekly charts. Buying could be considered around 3350 levels for a possible target of 3800.Stop loss of 3200 should be kept.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam