07.07.2025-Monday, 08.30 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a positive note at 25428.85, on the opening move it made a low 25331.65 further it moved up, made a day high 25470.25 and closed on a positive note at 25461 with an intra gain 55.70 points, i.e., 0.22%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 25380-25440-25500 levels; if open, trade and sustain above 25500 then, the index may re-test 25540-25585-25610-25640-25670-25720-25760 levels. On the other hand, the immediate support lies at 25365-25335 if, the Index moves below 25335 then, it may try to re-visit 25315-25285-25255-25220-25175-25145-25120-25090 levels.

Special Mention: On Friday, Nifty Index opened with positive note, on opening move, intra brief intra sell-off dragged near our threshold support levels i.e., 25315, made a low  25331.65, thereafter moved up till 25470 and closed above our threshold suppot levels i.e., 25400. Today, the Nifty index must trade, sustain and closes above 25500-25570; it may continue the pull back rally to re-test 25670-25760-25830 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 25380-25440-25500 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 56825.25 on the opening move, it made a low 56623.60 thereafter, it moved up, made a high 57075.10 and closed on a positive note at 57031.90 with an intra gain 239.95 points, i.e., 0.42%,  today Nifty Bank Index must move and sustain above 57075-57125-57195 levels; if to do so, then it may try to test 57245-57330-57415-57510-57630-57845 levels. On the other hand, any weakness near 57075-57125-57195 further, it moves below 56985-56850 then, the Index may re-visit 56795-56730-56630-56550-56425-56295 levels. 

Sensex Index: On Friday, Sensex opened on a positive note at 83306.81 on the opening move, it made a day low 83015.83 thereafter, it moved up and made a high 83477.86 and closed on a positive note at 83432.89 with an intra gain 193.42 points, i.e., 0.23%, today Sensex must move and sustain above 83475-83555 levels; if to do so, then it may try to re-test 83600-83685-83780-83865-83975-84100-84190-84395 levels. On the other hand, any weakness near 83475-83555 further, it moves below 83360-83245 then, the Index may re-visit 83190-83125-83015-82865-82735-82575-82415 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 04th Jul'25 stands at 0.93 with PUT open interest of 2395211 and CALL open interest of 2561860, when compared with previous day level of 0.86, 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 seller, they sold on the net basis to the tune of Rs.760.11 Cr. On the other hand, DIIs turned as a net seller they sold on the net basis to the tune of Rs.1028.84 Cr.

For the month of July, month to date FIIs/FPIs continued as a net seller, they sold Rs.6604.56 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.4111.98 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 June'25 released on 03rd Jul'25-Thursday, it moved up to 61.00 from 59.30 i.e., May'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.

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.

Research Analyst Disclaimer: Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.