20.06.2025-Friday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24803.25, on the opening move it made a day high 24863.10 further it moved down; made a day low 24733.40 and closed on a negative note at 24793.25 with an intra loss 18.80 points, i.e., -0.08%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24825-24750-24730 levels; if open, trade and sustain above 24825 then, the index may re-test 24860-24895-24930-24960-24980-25010-25065-25100-25135 levels. On the other hand, the immediate support lies at 24705-24650 if, the Index moves below 24650 then, it may try to re-visit 24620-24590-24560-24505-24470 levels.

Special Mention: Yesterday, Nifty Index unable to sustain above 24850, the inta sell-off dragged once again to test our threshold support levels i.e., 24730, made a low 24733.40 and closed below 24800. Today, the Nifty index must trade, sustain and closes above 24980-25000; 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 24650-24590, further weakness below 24590 then, the Index may try to re-visit 24560-24470-24430 levels in the near term. Let see how the Index opens today near 24825-24750-24730 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55784.85 on the opening move, it made a high 55942.45 thereafter, it moved down, made a low 55475.45 and closed on a positive note at 55577.45 with an intra loss 251.60 points, i.e., -0.45%, today Nifty Bank Index must move and sustain above 55635-55710 levels; if to do so, then it may try to test 55825-55940-56050-56100-56210-56320-56490 levels. On the other hand, any weakness near 55635-55710 further, it moves below 55530-55475 then, the Index may re-visit 55350-55265-55210-55150-55055-54845-54715 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 81314.62 on the opening move, it made a day high 81858.97 thereafter, it moved down and made a low 81237.01 and closed on a negative at 81444.66 with an intra loss 138.64 points, i.e., -0.17%, today Sensex must move and sustain above 81440-81580 levels; if to do so, then it may try to re-test 81640-81715-81860-82025-82070-82170-82265-82385-82505 levels. On the other hand, any weakness near 81440-81580 further, it moves below 81240-81190-81120 then, the Index may re-visit 81015-80940-80820-80715-80640-80535-80355 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 19th Jun'25 stands at 0.98 with PUT open interest of 4254508 and CALL open interest of 4331202, when compared with previous day level of 0.80, 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, continued as a net buyer, they bought on the net basis to the tune of Rs.934.62 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.605.97 Cr.

For the month of June, month to date FIIs/FPIs continued as a net seller, they sold Rs.3843.49 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.59836.18 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 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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