25.06.2025-Wednesday, 08.30 am

Good Morning all... 

What has happened on yesterday? Nifty Index, opened on a positive note with gap up at 25179.90, on the opening move it made a day high 25317.70 further it moved down, made a day low 24999.70 and closed on a positive note at 25044.35 with an intra gain 72.45 points, i.e., 0.29%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24965-25020-25080 levels; if open, trade and sustain above 25080 then, the index may re-test 25115-25140-25175-25220-25255-25305-25335-25385-25425-25450 levels. On the other hand, the immediate support lies at 24950-24915 if, the Index moves below 24915 then, it may try to re-visit 24885-24855-24830-24780-24730-24675-24630 levels.

Special Mention: Yesterday, Nifty Index opened with positive note, moved up on the openign move till our threshold resistance levels i.e., 25305, made a high 25317.70, thereafter the intra sell-off dragged till 25k and closed above 25000. Today, the Nifty index must trade, sustain and closes above 25220-25305; it may continue the pull back rally to re-test 25530-25760 levels in the near term. On the other hand, the immediate support seen at 25000-24825, further weakness below 24825 then, the Index may try to re-visit 24670-24550-24470 levels in the near term. Let see how the Index opens today near     levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56529.45 on the opening move, it made a high 56862 thereafter, it moved down, made a low 56276.15 and closed on a positive note at 56461.90 with an intra gain 402.55 points, i.e., 0.71%,  today Nifty Bank Index must move and sustain above 56230-56330-56490 levels; if to do so, then it may try to test 56565-56640-56735-56830-56940-57050-57210 levels. On the other hand, any weakness near 56230-56330-56490 further, it moves below 56000-55950 then, the Index may re-visit 55780-55655-55595-55375-55150 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82534.61 on the opening move, it made a day high 83018.16 thereafter, it moved down and made a low 81900.12 and closed on a positive at 82055.11 with an intra gain 158.32 points, i.e., 0.19%, today Sensex must move and sustain above 82170-82360-82495 levels; if to do so, then it may try to re-test 82780-82865-83120-83225-83510-83790 levels. On the other hand, any weakness near 82170-82360-82495 further, it moves below 81825-81740 then, the Index may re-visit 81640-81480-81280-81105 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 24th Jun'25 stands at 0.85 with PUT open interest of 3115723 and CALL open interest of 3650933, when compared with previous day level of 1.05, 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 seller, they sold on the net basis to the tune of Rs.5266.01 Cr. On the other hand, DIIs turned as a net buyer they bought on the net basis to the tune of Rs.5209.60 Cr.

For the month of June, month to date FIIs/FPIs continued as a net buyer, they bought Rs.4422.97 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.60121.52 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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