23.06.2025-Monday, 08.30 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a negative note at 24787.65, on the opening move it made a day low 24783.65 further it moved up; made a day high 25136.20 and closed on a positive note at 25112.40 with an intra gain 319.15 points, i.e., 1.29%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25120-24075-25020 levels; if open, trade and sustain above 25120 then, the index may re-test 25140-25175-25220-25260-25305 levels. On the other hand, the immediate support lies at 24965-24935 if, the Index moves below 24935 then, it may try to re-visit 24885-24855-24830-24780-24730-24675-24630 levels.

Special Mention: On Friday, Nifty Index opened with negative note, thereafter the strong pull back lifted the index beyond our threshold resistance levels i.e., 25k, almost reached next level of resistance i.e., 25150, made an intra high 25136.20 and closed below 25120. Today, the Nifty index must trade, sustain and closes above 25120-25220; it may continue the pull back rally to re-test 25305-25530 levels in the near term. On the other hand, the immediate support seen at 25020-24940-24880, further weakness below 24880 then, the Index may try to re-visit 24730-24630-24550-24470 levels in the near term. Let see how the Index opens today near 25120-24075-25020 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 55566.70 on the opening move, it made a low 55566.40 thereafter, it moved up, made a high 56328.20 and closed on a positive note at 56252.85 with an intra gain 675.40 points, i.e., 1.20%, today Nifty Bank Index must move and sustain above 56330-56410 levels; if to do so, then it may try to test 56490-56565-56640-56735-56830-56940-57050 levels. On the other hand, any weakness near 56330-56410 further, it moves below 56030-55740 then, the Index may re-visit 55570-55430-55290-55140-55050-54850 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 81354.85 on the opening move, it made a day low 81323.20 thereafter, it moved up and made a high 82494.49 and closed on a positive at 82408.17 with an intra loss 1046.30 points, i.e., 1.29%, today Sensex must move and sustain above 82495-82640 levels; if to do so, then it may try to re-test 82780-82865-83225-83590 levels. On the other hand, any weakness near 82495-82640 further, it moves below 82250-82130 then, the Index may re-visit 82030-81865-81680-81425-81170-80860-80600 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 20th Jun'25 stands at 1.16 with PUT open interest of 2918098 and CALL open interest of 2514327, when compared with previous day level of 0.98, 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 : On Friday, FIIs/FPIs, continued as a net buyer, they bought on the net basis to the tune of Rs.7940.70 Cr. On the other hand, DIIs turned as a net seller they sold on the net basis to the tune of Rs.3049.88 Cr.

For the month of June, month to date FIIs/FPIs turned as a net buyer, they bought Rs.4097.21 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.56786.30 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.

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.

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