10.07.2025-Thursday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat to negative note at 25514.60, on the opening move it made a high 25548.70 further it moved up, made a day low 25424.35 and closed on a negative at 25476.10 with an intra loss 46.40 points, i.e., -0.18%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on a flat note near 25510-25480-25440 levels; if open, trade and sustain above 25510 then, the index may re-test 25550-25585-25610-25640-25670-25720-25760 levels. On the other hand, the immediate support lies at 25410-25370 if, the Index moves below 25410 then, it may try to re-visit 25335-25295-25255-25220-25175-25145-25120-25090 levels.

Special Mention: Yesterday, Nifty Index opened on flat to negative note, unable to continue the up move above 25548, thereafter, the lack of participation and poor volume, made the Nifty Index to trade with narrow range till 2 pm, thereafter, a minor sell-off dragged the index till 25424.35 and closed above 25470. Today, the Nifty index must trade, sustain and closes above 25485-25570; 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 25510-25480-25440 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 57199.75 on the opening move, it made a low 57037.90 thereafter, it moved up, made a high 57290.65 and closed on a negative note at 57213.55 with an intra loss 42.75 points, i.e., -0.07%,  today Nifty Bank Index must move and sustain above 57250-57335 levels; if to do so, then it may try to test 57415-57510-57630-57845-57900 levels. On the other hand, any weakness near 57250-57335 further, it moves below 57155-57095 then, the Index may re-visit 57040-56925-56860-56740-56625-56550-56425-56300 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 83625.89 on the opening move, it made a day high 83781.36 thereafter, it moved down and made a low 83382.28 and closed on a negative note at 83536.08 with an intra loss 176.43 points, i.e., -0.21%, today Sensex must move and sustain above 83575-83664 levels; if to do so, then it may try to re-test 83780-83940-84100-84190-84395 levels. On the other hand, any weakness near 83575-83664 further, it moves below 83475-83380 then, the Index may re-visit 83270-83145-83015-82810-82780-82685 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 09th Jul'25 stands at 0.86 with PUT open interest of 3123474 and CALL open interest of 3628418, 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 buyer, they bought on the net basis to the tune of Rs.77 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.920.83 Cr.

For the month of July, month to date FIIs/FPIs continued as a net seller, they sold Rs.5401.02 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.8253.02 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.

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