19.05.2025-Monday, 08.55 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a positive note at 25064.65, our expected opening band 25130-25075-25035, on the opening move it made a day high 25070 further it moved down; made a day low 24953.05 and closed on a negative note at 25019.80 with intra loss 42.30 points, i.e., -0.17%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25035-24995-24955 levels; if open, trade and sustain above 25035 then, the index may re-test 25070-25100-25130-25165-25205-25240-25280-25305 levels. On the other hand, the immediate support lies at 24935-24880 if, the Index moves below 24880 then, it may try to re-visit 24840-24805-24770-24730-24685-23640 levels.

Special Mention: On Friday, Nifty Index unable to contrinue the northward journey beyond 25116.25, made a high 25070 and dragged till 24953.05, made an inside day pattern i.e., not broken the previous day high or low levels and closed above our support levels i.e., 24980 levels. Today, the Nifty index must trade, sustain and closes above 25130-25235-25305; it may continue the pull back rally to re-test 25550-25790 levels. On the other hand, the immediate support seen at 24935-24860-23730, further weakness below 24730 then, the Index may try to re-visit 24640-24590-24495-24385 levels in the near term. Let see how the Index opens today near 25035-24995-24955 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 55276 on the opening move, it made a high 55418.90 thereafter, it moved down, made a low 55170.25 and closed on a negative note at 55354.90 with an intra marginal loss 0.70 points, i.e., 0.00%, today Nifty Bank Index must move and sustain above 55395-55485 levels; if to do so, then it may try to re-test 55550-55675-55800-55950-56100 levels. On the other hand, any weakness near 55395-55485 further, it moves below 55275-55170 then, the Index may re-visit 55100-55010-54865-54720-54575-54430-54250 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 82392.63 on the opening move, it made a day high 82514.81; thereafter, it moved down and made a low 82146.95 and closed on a negative at 82330.59 with an intra loss 200.15 points, i.e., -0.24%, today Sensex must move and sustain above 82400-82515 levels; if to do so, then it may try to re-test 82615-82720-82860-82980-83045-83110-83295 levels. On the other hand, any weakness near 82400-82515 further, it moves below 82265-82145 then, the Index may re-visit 82045-81915-81765-81620-81510-81450-81285-81065-80845 levels.

FII's & DII's Funds Flow: On Friday, FIIs, continued as a net buyer, they bought on the net basis to the tune of Rs.8831.05 Cr. On the other hand, DIIs turned as a net buyer they bought on the net basis to the tune of Rs.7187.09 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 Mar'25 released on 12th May'25-Monday, the Industrial production has gone up to 3.00%; when compared to the Feb'25 level, i.e., 2.90%. 

Annual Inflation data for Apr'25 released on 13th May'25-Tuesday, the inflation has come down to 3.16% from May'25 level i.e., 3.34%.

WPI Inflation data for the month of Apr'25 released on 14th May'25-Wednesday, it has come down to 0.85% as against the May'25 level i.e.,2.05%.

Wishing you for a safe, secured and profitable trading.

DISCLAIMER:

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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