12.06.2025-Thursday, 08.35 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25134.15, on the opening move it made a day low 25081.30 further it moved up; made a day high 25222.40 and closed on a positive note at 25141.40 with intra gain 37.15 points, i.e., 0.15%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25110-25160-25185 levels; if open, trade and sustain above 25185 then, the index may re-test 25220-25260-25305-25330-25385-25440 levels. On the other hand, the immediate support lies at 25080-25000 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 six trading sessions, moved above our threshold resistance levels i.e., 25185-25200, made a high 25222.40, unable to sustain above 25200, the intra sell-off dragged till 25110 and closed above our support levels i.e., 25130. Today, the Nifty index must trade, sustain and closes above 25185-25220; 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 25055-24900, further weakness below 24900 then, the Index may try to re-visit 24750-24640-24460 levels in the near term. Let see how the Index opens today near 25110-25160-25185 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56639.85, on the opening move, it made a high 56782.50 thereafter, it moved down, made a low 56399.40 and closed on a negative note at 56459.75 with an intra loss 169.35 points, i.e., -0.30%, today Nifty Bank Index must move and sustain above 56510-56590-56670 levels; if to do so, then it may try to test 56780-56885-57050-57250-57405-57560 levels. On the other hand, any weakness near 56510-56590-56670 further, it moves below 56400-56230 then, the Index may re-visit 56130-56035-55915-55795-55600 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82473.02 on the opening move, it made a day low 82308.91 thereafter, it moved up and made a high 82783.51 and closed on a positive at 82515.14 with an intra gain 123.42 points, i.e., 0.15%, today Sensex must move and sustain above 82570-82645-82780 levels; if to do so, then it may try to re-test 82800-82910-83015-83240 levels. On the other hand, any weakness near 82570-82645-82780 further, it moves below 82420-82310 then, the Index may re-visit 82240-82110-82030-81930-81835-81710-81580-81450 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 11th Jun'25 stands at 0.97 when compared with previous day level of 0.97, normally the reading below 1  denotes weakness, above 1 denotes strength on the index.

FII's & DII's Funds Flow: Yesterday, FIIs, turned as a net seller, they sold on the net basis to the tune of Rs.446.31 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1584.87 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.

Research Analyst Disclaimer: Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.