03.07.2025-Thursday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25588.30, on the opening move it made a high 25608.10 further it moved down, made a day low 25378.75 and closed on a negative note at 25453.40 with an intra loss 88.40 points, i.e., -0.35%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25490-25475-25430 levels; if open, trade and sustain above 25490 then, the index may re-test 25525-25560-25585-25610-25670-25685-25720-25760 levels. On the other hand, the immediate support lies at 25395-25350 if, the Index moves below 25350 then, it may try to re-visit 25310-25270-25255-25220-25175-25145 levels.

Special Mention: Yesterday, Nifty Index opened with positive note, unable to surpass above 25600, thereafter the weakness cum sell-off dragged the index till our threshold support zone i.e., 25470-25395, made a low 25378.75, and closed just below our threshold suppot levels i.e., 25470. Today, the Nifty index must trade, sustain and closes above 25585-25670; 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 25315-25220, further weakness below 25220 then, the Index may try to re-visit 25090-24950-24735 levels in the near term. Let see how the Index opens today near 25490-25475-25430 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57558.20 on the opening move, it made a high 57628.40 thereafter, it moved down, made a low 56833.805 and closed on a negative note at 56999.20 with an intra loss 460.25 points, i.e., -0.81%,  today Nifty Bank Index must move and sustain above 57065-57140 levels; if to do so, then it may try to test 57225-57315-57385-57445-57525-57615-57845 levels. On the other hand, any weakness near 57065-57140 further, it moves below 56925-56835 then, the Index may re-visit 56790-56670-56545-56420-56290 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 83790.72 on the opening move, it made a day high 83935.01 thereafter, it moved down and made a low 83150.77 and closed on a negative note at 83409.69 with an intra loss 287.60 points, i.e., -0.34%, today Sensex must move and sustain above 83495-83515-83540 levels; if to do so, then it may try to re-test 83625-83740-83820-84000-84100-84150-84320 levels. On the other hand, any weakness near 83495-83515-83540 further, it moves below 83335-83150 then, the Index may re-visit 83000-82870-82740-82580-82420 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 02nd Jul'25 stands at 0.78 with PUT open interest of 3183353 and CALL open interest of 4069965, when compared with previous day level of 0.88, 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.1561.62 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.3036.68 Cr.

For the month of July, month to date FIIs/FPIs continued as a net seller, they sold Rs.3531.76 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.3807.76 Cr.

INDIA's Macro Data:-

On 01st July'25-Tuesday, the HSBC Manufacturing PMI data released for the month of Jun'25, it moved up to 58.40 from 58.20 i.e., May'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 May'25 released on 30th Jun'25-Monday, the Industrial production has come down to 1.20%; when compared to the Apr'25 level, i.e., 2.60%. 

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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