26.06.2025-Thursday, 08.30 am

Good Morning all... 

What has happened on yesterday? Nifty Index, opened on a positive note at 25150.35, on the opening move it made a low low 25125.05 further it moved up, made a day high 25266.80 and closed on a positive note at 25244.75 with an intra gain 200.40 points, i.e., 0.80%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25270-25215-25175 levels; if open, trade and sustain above 25270 then, the index may re-test 25305-25335-25385-25425-25465 levels. On the other hand, the immediate support lies at 25135-25070 if, the Index moves below 25070 then, it may try to re-visit 25045-25015-24975-24940-24885-24825 levels.

Special Mention: Yesterday, Nifty Index opened with positive note, erased all the loss made on the previous day sell-off and tested 25266.60 and closed above 25220. Today, the Nifty index must trade, sustain and closes above 25305-25320; 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 25170-25000, further weakness below 25000 then, the Index may try to re-visit 24825-24670 levels in the near term. Let see how the Index opens today near 25270-25215-25175 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56600 on the opening move, it made a low 56440 thereafter, it moved up, made a high 56687.80 and closed on a positive note at 56621.15 with an intra gain 159.25 points, i.e., 0.28%,  today Nifty Bank Index must move and sustain above 56680-56750 levels; if to do so, then it may try to test 56860-56950-57050-57210-57320-57470-57615 levels. On the other hand, any weakness near 56680-56750 further, it moves below 56565-56420 then, the Index may re-visit 56320-56195-56035-55905-55780-55700 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82448.80 on the opening move, it made a day low 82339.57 thereafter, it moved up and made a high 82815.91 and closed on a positive at 82755.51 with an intra gain 700.40 points, i.e., 0.85%, today Sensex must move and sustain above 82815-82945 levels; if to do so, then it may try to re-test 83020-83170-83345-83575-83710 levels. On the other hand, any weakness near 82815-82495 further, it moves below 82690-82520 then, the Index may re-visit 82450-82340-82250-82155-82065-81950-81840 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 25th Jun'25 stands at 1.13 with PUT open interest of 3896647 and CALL open interest of 3436343, when compared with previous day level of 0.85, 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 seller, they sold on the net basis to the tune of Rs.2427.74 Cr. On the other hand, DIIs turned as a net buyer they bought on the net basis to the tune of Rs.2372.96 Cr.

For the month of June, month to date FIIs/FPIs continued as a net buyer, they bought Rs.1995.23 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.62494.48 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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