18.06.2025-Wednesday, 08.35 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 24977.85, on the opening move it made a day high 24982.05 further it moved down; made a day low 24813.70 and closed on a negative note at 24853.40 with an intra loss 93.10 points, i.e., -0.37%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24870-24850-24810 levels; if open, trade and sustain above 24870 then, the index may re-test 24900-24940-24980-25025-25060-25100-25120-25160 levels. On the other hand, the immediate support lies at 24760-24705 if, the Index moves below 24705 then, it may try to re-visit 24675-24650-24620-24590-24560-24505 levels.

Special Mention: Yesterday, Nifty Index unable to continue the up trend, tried to surpass above 25k, but failed to do so, and brief intra sell-off dragged, made a low 24813.70 and closed just near our support levels i.e., 24850. Today, the Nifty index must trade, sustain and closes above 24940-25000; it may continue the pull back rally to re-test 25135-25220-25305 levels in the near term. On the other hand, the immediate support seen at 24810-24760, further weakness below 24760 then, the Index may try to re-visit 24650-24560-24470 levels in the near term. Let see how the Index opens today near 24870-24850-24810  levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 55975, on the opening move, it made a high 56067.30 thereafter, it moved down, made a low 55643.95 and closed on a negative note at 55714.15 with an intra loss 230.75 points, i.e., -0.41%, today Nifty Bank Index must move and sustain above 55770-55850 levels; if to do so, then it may try to test 55940-56065-56180-56290-56375-56455-56600 levels. On the other hand, any weakness near 55770-55850 further, it moves below 55645-55575 then, the Index may re-visit 55530-55375-55265-55210-55150-55055-54845 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 81869.47 on the opening move, it made a day high 81890.15 thereafter, it moved down and made a low 81427.01 and closed on a negative at 81583.30 with an intra loss 212.85 points, i.e., -0.26%, today Sensex must move and sustain above 81660-81755 levels; if to do so, then it may try to re-test 81890-82010-82070-82170-82265-82385-82505-82640-82785 levels. On the other hand, any weakness near 81660-81755 further, it moves below 81535-81440 then, the Index may re-visit 81300-81120-81015-80940-80820-80715-80640 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 17th Jun'25 stands at 0.95 with PUT open interest of 3150813 and CALL open interest of 3316904, when compared with previous day level of 1.14, normally the reading below 1  denotes weakness/bearish, above 1 denotes strength/bullish on the index.

FIIs/FPIs & DIIs Funds Flow on NSE, BSE and MSEI : Yesterday, FIIs/FPIs, turned as a net buyer, they bought on the net basis to the tune of Rs.1482.77 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.8207.19 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 May'25 released on 16th Jun'25-Monday, it has come down further to 0.39% as against the Apr'25 level i.e.,0.85%.

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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