16.06.2025-Monday, 08.35 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a negative note at 24473, on the opening move it made a day low 24473 further it moved up; made a day high 24754.35 and closed on a negative note at 24718.60 with intra loss 169.60 points, i.e., -0.68%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24650-24705-24760 levels; if open, trade and sustain above 24760 then, the index may re-test 24795-24825-24850-24890-24935-24970-25500 levels. On the other hand, the immediate support lies at 24615-24580 if, the Index moves below 24580 then, it may try to re-visit 24540-25505-24475-24430-24395-24360-24335 levels.

Special Mention: On Friday, Nifty Index continued the weakness opened with  a gap down due to global cues dragged tiil our threshold support levels i.e., 24470, made a low 24473 the intra pull back lifted till 24750 and closed above our support levels i.e., 24580. Today, the Nifty index must trade, sustain and closes above 24760-24850; it may continue the pull back rally to re-test 25055-25200-25305 levels in the near term. On the other hand, the immediate support seen at 24580-24470, further weakness below 24470 then, the Index may try to re-visit 24430-24200-23935 levels in the near term. Let see how the Index opens today near 24650-24705-24760 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 55149.30, on the opening move, it made a low 55149.30 thereafter, it moved up, made a high 55688 and closed on a negative note at 55527.35 with an intra loss 555.20 points, i.e., -1.00%, today Nifty Bank Index must move and sustain above 55600-55690 levels; if to do so, then it may try to test 55735-55875-55985-56100-56210-56320-56410-56490 levels. On the other hand, any weakness near 55600-55690 further, it moves below 55375-55150 then, the Index may re-visit 55055-54995-54845-54700-54575 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 80427.81 on the opening move, it made a day low 80354.59 thereafter, it moved up and made a high 81238.68 and closed on a negative at 81118.60 with an intra loss 573.38 points, i.e., -0.70%, today Sensex must move and sustain above 81240-81280-81350 levels; if to do so, then it may try to re-test 81480-81570-81710-81855-81960-82070-82165-82260 levels. On the other hand, any weakness near 81240-81280-81350 further, it moves below 80900-80795 then, the Index may re-visit 80690-80560-80455-8035581030-80900-80760-80650-80490-80355-80145 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 13th Jun'25 stands at 0.89 when compared with previous day level of 0.73, normally the reading below 1  denotes weakness, above 1 denotes strength on the index.

FII's & DII's Funds Flow: On Friday, FIIs, continued as a net seller, they sold on the net basis to the tune of Rs.1263.52 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.3041.44 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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