13.06.2025-Friday, 08.35 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25164.45, on the opening move it made a day high 25196.20 further it moved down; made a day low 24825.90 and closed on a negative note at 24888.20 with intra loss 253.20 points, i.e., -1.01%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24920-24845-24775 levels; if open, trade and sustain above 24920 then, the index may re-test 24965-25010-25050-25090-25130-25165-25200 levels. On the other hand, the immediate support lies at 24725-24670 if, the Index moves below 24670 then, it may try to re-visit 24630-24585-24540-25500-24460-24430 levels.

Special Mention: Yesterday, Nifty Index unable to continue the up trend above our threshold resistance levels i.e., 25185-25220, the huge sell-off dragged the Index till 24825.90 and closed above our support levels i.e., 24845. Today, the Nifty index must trade, sustain and closes above 25010-25220; 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 24775-24670-24460, further weakness below 24460 then, the Index may try to re-visit 24430-24240-24085 levels in the near term. Let see how the Index opens today near 24920-24845-24775 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56480.90, on the opening move, it made a high 56611.05 thereafter, it moved down, made a low 55968.50 and closed on a negative note at 56082.55 with an intra loss 377.20 points, i.e., -0.67%, today Nifty Bank Index must move and sustain above 56200-56325 levels; if to do so, then it may try to test 56420-56520-56610-56785-56855 levels. On the other hand, any weakness near 56200-56325 further, it moves below 55970-55810 then, the Index may re-visit 55740-55665-55520-55430-55340-55265-55055 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82571.67 on the opening move, it made a day high 82661.04 thereafter, it moved down and made a low 81523.16 and closed on a negative at 81691.98 with an intra loss 823.16 points, i.e., 1.00%, today Sensex must move and sustain above 81790-81900 levels; if to do so, then it may try to re-test 82110-82290-82405-82520-82660-82780 levels. On the other hand, any weakness near 81790-81900 further, it moves below 81500-81370-81140 then, the Index may re-visit 81030-80900-80760-80650-80490-80425 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 12th Jun'25 stands at 0.73 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, continued as a net seller, they sold on the net basis to the tune of Rs.3631.42 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.9393.85 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 Apr'25 released on 28th May'25-Wednesday, the Industrial production has come down up to 2.70%; when compared to the Mar'25 level, i.e., 3.90%. 

Annual Inflation data for May'25 released on 12th Jun'25-Thursday, the inflation has come down to 2.82% from Apr'25 level i.e., 3.16%.

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 Mar'25 level i.e.,2.05%.

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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