11.06.2025-Wednesday, 08.35 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25196.05, on the opening move it made a day high 25199.30 further it moved down; made a day low 25055.45 and closed on a flat to positive note at 25104.25 with intra gain 1.05 points, i.e., 0.00%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25080-25140 levels; if open, trade and sustain above 25140 then, the index may re-test 25185-25215-25260-25305-25330-25360 levels. On the other hand, the immediate support lies at 25050-25000 if, the Index moves below 25000 then, it may try to re-visit 24975-24955-24895-24845-24810-24770-24710 levels.

Special Mention: Yesterday, Nifty Index continued the up trend for the continuous five trading sessions, moved above our threshold resistance levels i.e., 25185, made a high 25199.30 and closed again below our resistance levels i.e., 25130. Today, the Nifty index must trade, sustain and closes above 25130-25185; it may continue the pull back rally to re-test 25305-25535-25760 levels in the near term. On the other hand, the immediate support seen at 24995-24850, further weakness below 24850 then, the Index may try to re-visit 24770-24630-24460 levels in the near term. Let see how the Index opens today near 25080-25140 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56993.90, on the opening move, it made a high 57015.40 thereafter, it moved down, made a low 56570.30 and closed on a negative note at 56629.10 with an intra loss 210.50 points, i.e., -0.37%, today Nifty Bank Index must move and sustain above 56670-57050 levels; if to do so, then it may try to test 57140-57250-57405-57560 levels. On the other hand, any weakness near 56670-57050 further, it moves below 56615-56570 then, the Index may re-visit 56495-56440-56230-56035-55915-55795-55600 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82643.73 on the opening move, it made a day high 82680.79 thereafter, it moved down and made a low 82240.40 and closed on a negative at 82391.72 with an intra loss 53.49 points, i.e., -0.06%, today Sensex must move and sustain above 82460-82535 levels; if to do so, then it may try to re-test 82585-82680-82750-82800-82865-83015-83240 levels. On the other hand, any weakness near 82460-82535 further, it moves below 82315-82240 then, the Index may re-visit 82125-82030-81930-81835-81710-81580-81450 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 10th Jun'25 stands at 0.97 when compared with previous day level of 1.01, normally the reading below 1  denotes weakness, above 1 denotes strength on the index.

FII's & DII's Funds Flow: Yesterday, FIIs, continued as a net buyer, they bought on the net basis to the tune of Rs.2301.87 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1113.34 Cr. 

INDIA's Macro Data:-

On 02nd Jun'25-Monday, the HSBC Manufacturing PMI data released for the month of May'25, it moved down to 57.60 from 58.20 i.e., Apr'25. Likewise, the HSBC Services PMI data for the month of May'25 released on 04th Jun'25-Wednesday, it moved up marginally to 58.80 from 58.70 i.e., Apr'25.

The RBI MPC meet held on 06th Jun'25-Friday, the MPC has reduced the Repo rate by 50 BPS to 5.50% from the existing rate of 6.00%, also it has rdeuced the CRR-Cash Reserve Ratio by 100 BPS to 3% from 4%. 

GDP data for the Q4 ending Mar'25 released on 30th May'25-Friday, the GDP has moved up to 7.40% Vs.6.40% (Q3-Dec'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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