27.06.2025-Friday, 08.30 am

Good Morning all... 

What has happened on yesterday? Nifty Index, opened on a positive note at 25268.95, on the opening move it made a low low 25259.90 further it moved up, made a day high 25565.30 and closed on a positive note at 25549 with an intra gain 304.25 points, i.e., 1.21%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25475-25535-25595 levels; if open, trade and sustain above 25595 then, the index may re-test 25615-25645-25675-25710-25760 levels. On the other hand, the immediate support lies at 25435-25400 if, the Index moves below 25400 then, it may try to re-visit 25350-25320-25300-25260-25220-25175 levels.

Special Mention: Yesterday, Nifty Index opened with positive note, continued the up move, surpassed the resistance zone i.e., 25305-25320, made a high 25565.30 and closed just above above 25530. Today, the Nifty index must trade, sustain and closes above 25530-25645; it may continue the pull back rally to re-test 25760-25830-26020 levels in the near term. On the other hand, the immediate support seen at 25445-25400-25300, further weakness below 25300 then, the Index may try to re-visit 25215-25125-25000-24890 levels in the near term. Let see how the Index opens today near 25475-25535-25595 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56693.55 on the opening move, it made a low 56558.35 thereafter, it moved up, made a high 57263.45 and closed on a positive note at 57206.70 with an intra gain 585.55 points, i.e., 1.02%,  today Nifty Bank Index must move and sustain above 57265-57340 levels; if to do so, then it may try to test 57415-57565-57670-57775 levels. On the other hand, any weakness near 57265-57340 further, it moves below 57090-57000 then, the Index may re-visit 56945-56830-56700-56560-56520-56345 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82882.91 on the opening move, it made a day low 82816.26 thereafter, it moved up and made a high 83812.09 and closed on a positive at 83755.87 with an intra gain 1000.36 points, i.e., 1.21%, today Sensex must move and sustain above 83810-84000 levels; if to do so, then it may try to re-test 84080-84140-84285-84400-84515-84635-84750 levels. On the other hand, any weakness near 83810-84000 further, it moves below 83600-83520 then, the Index may re-visit 83430-83310-83130-83050-82935-82815-82645 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 26th Jun'25 stands at 1.30 with PUT open interest of 4598557 and CALL open interest of 3538670, when compared with previous day level of 1.13, 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 heavily on the net basis to the tune of Rs.12594.38 Cr. On the other hand, DIIs turned as a net buyer they bought on the net basis to the tune of Rs.14589.61 Cr.

For the month of June, month to date FIIs/FPIs turned as a net seller, they sold Rs.195.23 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.62299.25 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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