30.06.2025-Monday, 08.30 am

Good Morning all... 

What has happened on on Friday? Nifty Index, opened on a positive note at 25576.65, on the opening move it made a low low 25523.55 further it moved up, made a day high 25654.20 and closed on a positive note at 25637.80 with an intra gain 88.80 points, i.e., 0.35%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25685-25650-25610 levels; if open, trade and sustain above 25685 then, the index may re-test 25710-25760-25795-25830-25865-25890 levels. On the other hand, the immediate support lies at 25575-25515 if, the Index moves below 25515 then, it may try to re-visit 25460-25430-25400-25355-25310-25250 levels.

Special Mention: On Friday, Nifty Index opened with positive note, continued the up move, surpassed the resistance zone i.e., 25530-25645, made a high 25654.20 and closed just below 25645. 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 25460-25300-25220, further weakness below 25220 then, the Index may try to re-visit 25065-24925-24475 levels in the near term. Let see how the Index opens today near 25685-25650-25610 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57234.70 on the opening move, it made a low 56993.85 thereafter, it moved up, made a high 57475.80 and closed on a positive note at 57443.90 with an intra gain 237.20 points, i.e., 0.41%,  today Nifty Bank Index must move and sustain above 57475-57565 levels; if to do so, then it may try to test 57670-57775-57885-58000-58110-58225 levels. On the other hand, any weakness near 57475-57565 further, it moves below 57310-57220 then, the Index may re-visit 57125-56995-56875-56735-56600-56415 levels. 

Sensex Index: On Friday, Sensex opened on a positive note at 83774.45 on the opening move, it made a day low 83645.41 thereafter, it moved up and made a high 84089.35 and closed on a positive at 84058.90 with an intra gain 303.03 points, i.e., 0.36%, today Sensex must move and sustain above 84090-84210 levels; if to do so, then it may try to re-test 84320-84745-84945-85150-85355 levels. On the other hand, any weakness near 84090-84210 further, it moves below 83925-83840 then, the Index may re-visit 83620-83450-83350-83255-83125-82995 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 27th Jun'25 stands at 1.23 with PUT open interest of 2755942 and CALL open interest of 2235414, when compared with previous day level of 1.30, 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.1397.02 Cr. On the other hand, DIIs continued as a net seller they sold on the net basis to the tune of Rs.588.93 Cr.

For the month of June, month to date FIIs/FPIs contiued as a net buyer, they bought Rs.15986.63 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.61710.32 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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