09.07.2025-Wednesday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat to negative note at 25427.85, on the opening move it made a low 25424.15 further it moved up, made a day high 25548.05 and closed on a positive at 25522.50 with an intra gain 61.20 points, i.e., 0.24%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on a flat to negative note near 25520-25500-25470 levels; if open, trade and sustain above 25520 then, the index may re-test 25545-25585-25610-25640-25670-25720-25760 levels. On the other hand, the immediate support lies at 25445-25410 if, the Index moves below 25410 then, it may try to re-visit 25370-25335-25295-25255-25220-25175-25145-25120-25090 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 till 3 pm, thereafter some positive move lifted the index, surpassed 25500, made a high 25548.05 and closed above 25500. Today, the Nifty index must trade, sustain and closes above 25540-25570; 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 25400-25335, further weakness below 25335 then, the Index may try to re-visit 25220-25090-24950 levels in the near term. Let see how the Index opens today near 25520-25500-25470 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 56942.55 on the opening move, it made a low 56923.05 thereafter, it moved up, made a high 57303.30 and closed on a positive note at 57256.30 with an intra gain 307.10 points, i.e., 0.54%,  today Nifty Bank Index must move and sustain above 57300-57410 levels; if to do so, then it may try to test 57510-57630-57845-57900 levels. On the other hand, any weakness near 57300-57410 further, it moves below 57190-57010 then, the Index may re-visit 56925-56860-56740-56625-56550-56425-56300 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 83387.03 on the opening move, it made a day low 83320.95 thereafter, it moved up and made a high 83812.31 and closed on a positive note at 83712.51 with an intra gain 270.01 points, i.e., 0.32%, today Sensex must move and sustain above 83810-83920 levels; if to do so, then it may try to re-test 83975-84100-84190-84395 levels. On the other hand, any weakness near 83810-83920 further, it moves below 83670-83550 then, the Index may re-visit 83430-83355-83270-83145-83015-82810 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 08th Jul'25 stands at 1.04 with PUT open interest of 3013383 and CALL open interest of 2899847, when compared with previous day level of 0.95, 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 seller, they sold on the net basis to the tune of Rs.26.12 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1366.82 Cr.

For the month of July, month to date FIIs/FPIs continued as a net seller, they sold Rs.5478.02 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.7332.19 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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