08.07.2025-Tuesday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat to negative note at 25450.45, on the opening move it made a low 25407.25 further it moved up, made a day high 25489.80 and closed on a flat note at 25461.30 with an intra gain 0.30 points, i.e., 0.00%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open flat to negative note near 25400-25440-25500 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 25385-25335 if, the Index moves below 25335 then, it may try to re-visit 25315-25285-25255-25220-25175-25145-25120-25090 levels.

Special Mention: Yesterday, Nifty Index opened on flat to negative note, lack of confidence and poor volume, made the Nifty Index clueless and directionless, resulted in a narrow move and closed below our threshold resistance zone i.e., 25470-25500. 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 25400-25440-25500 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 56938.70 on the opening move, it made a high 57152.70 thereafter, it moved down, made a low 56838.55 and closed on a negative note at 56949.20 with an intra loss 82.70 points, i.e., -0.15%,  today Nifty Bank Index must move and sustain above 57030-57150 levels; if to do so, then it may try to test 57240-57330-57415-57510-57630-57845 levels. On the other hand, any weakness near 57030-57150 further, it moves below 56840-56750 then, the Index may re-visit 56630-56550-56425-56295-56140 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 83398.08 on the opening move, it made a day low 83262.23 thereafter, it moved up and made a high 83516.82 and closed on a flat to positive note at 83442.50 with an intra gain 9.61 points, i.e., 0.01%, today Sensex must move and sustain above 83475-83585 levels; if to do so, then it may try to re-test 83685-83780-83865-83975-84100-84190-84395 levels. On the other hand, any weakness near 83475-83585 further, it moves below 83315-83260 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 07th Jul'25 stands at 0.95 with PUT open interest of 2623283 and CALL open interest of 2754216, when compared with previous day level of 0.93, 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 on the net basis to the tune of Rs.321.16 Cr. On the other hand, DIIs also, turned as a net buyer they bought on the net basis to the tune of Rs.1853.39 Cr.

For the month of July, month to date FIIs/FPIs continued as a net seller, they sold Rs.5451.90 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.5965.37 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.

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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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