12.05.2025-Monday, 08.55 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a negative note at 23935.75, our expected opening band 24220-24130-24020, on the opening move it made a day low 23935.75 further it moved up; made a day high 24164.25 and closed on a negative note at 24008 with intra loss 265.80 points, i.e., -1.10%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24095-24185-24260 levels; if open, trade and sustain above 24260 then, the index may re-test 24340-24395-24445-24515-24590-24650-24695-24730-24765 levels. On the other hand, the immediate support lies at 239960-23935 if, the Index moves below 23935 then, it may try to re-visit 23900-23860-23830-23795-23755-23705-23660-23600 levels.

Special Mention: On Friday, Nifty Index continued the sell-off due to geo-political tension till our threshold support levels i.e.,23935, made a day low 23935 and closed at 24008 levels. Today, the Nifty index must trade, sustain and closes above 24185-24400; it may continue the pull back rally to re-test 24450-24590-24760 levels. On the other hand, the immediate support seen at 23935-23850, further weakness below 23850 then, th24e Index may try to re-visit 23750-23500 levels in the near term. Let see how the Index opens today near 24095-24185-24260 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 53595.95 on the opening move, it made a high 54054.80 thereafter, it moved down, made a low 53483.05 and closed on a negative note at 53595.25 with an intra loss 770.40 points, i.e., -1.42%, today Nifty Bank Index must move and sustain above 53790-54055 levels; if to do so, then it may try to re-test 54210-54275-54455-54600-54740-54885-55030-55230-55330-55425 levels. On the other hand, any weakness near 53790-54055 further, it moves below 53675-53550-53485 then, the Index may re-visit 53435-53310-53185-53050-52820 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 78968.34 on the opening move, it made a day low 78968.34; thereafter, it moved up and made a high 80032.93 and closed on a negative at 79454.47 with an intra loss 880.34 points, i.e., -1.10%, today Sensex must move and sustain above 79720-80030 levels; if to do so, then it may try to re-test 80200-80320-80430-80530-80705-80925-81050-81175 levels. On the other hand, any weakness near 79720-80030 further, it moves below 79575-79375 then, the Index may re-visit 79300-79220-79090-78970-78850-78730-78605 levels.

FII's & DII's Funds Flow: On Friday, FIIs, turned as a net seller, they sold on the net basis to the tune of Rs.3798.71 Cr. On the other hand, DIIs turned as a net seller they sold on the net basis to the tune of Rs.596.25 Cr. 

INDIA's Macro Data:-

On 02nd May'25-Friday, the HSBC Manufacturing PMI data for the month of Apr'25 released, it moved up to 497.79 from 58.10 i.e., Mar'25. Likewise, the HSBC Services PMI data for the month of Apr'25 released on 06th May'25-Tuesday, it moved up to 59.70 from 59.50 i.e., Mar'25.

The RBI MPC meet held on 09th Apr'25-Wednesday, the MPC has reduced the Repo rate to 6.00% from the existing rate of 6.25% and it has maintained the CRR-Cash Reserve Ratio at 4%. 

GDP data for the Q3 ending Dec'24 released on 28th Feb'25-Friday, the GDP has moved up to 6.20% Vs.5.60% (Q2-Sep'24).

IIP data for Feb'25 released on 11th Apr'25-Friday, the Industrial production has come down to 2.90%; when compared to the Jan'25 level, i.e., 5.20%. 

Annual Inflation data for Mar'25 released on 15th Apr'25-Tuesday, the inflation has come down to 3.34% from Feb'25 level i.e., 3.61%.

WPI Inflation data for the month of Mar'25 released on 15th Apr'25-Tuesday, it has come down to 2.05% as against the Feb'25 level i.e.,2.38%.

Wishing you for a safe, secured and profitable trading.

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The writing in the above daily market update should only be construed as guidance. I assert that any business or investment decisions should not be based purely on the information presented in the daily market update. As a Research Analyst, I will not be responsible for any losses incurred by a visitor/investor/client, as a result of decisions made based on any information given in the daily market update.

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