11.07.2025-Friday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25511.65, on the opening move it made a high 25524.05 further it moved down made a day low 25340.45 and closed on a negative at 25355.25 with an intra loss 120.85 points, i.e., -0.47%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on a flat to negative note near 25295-25335-25370 levels; if open, trade and sustain above 25370 then, the index may re-test 25410-25440-24470-25500-25525-25550-25595 levels. On the other hand, the immediate support lies at 25255-25220 if, the Index moves below 25220 then, it may try to re-visit 25205-25175-25155-25120-25090 levels.

Special Mention: Yesterday, Nifty Index opened on positive note, unable to continue the up move above 25520, thereafter, the day long sell-off dragged the index till our threshold support levels i.e, 25335, made a low 25340.45 and closed near this support level. Today, the Nifty index must trade, sustain and closes above 25470-25570; 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 25335-25255, further weakness below 25255 then, the Index may try to re-visit 25150-25090-24950 levels in the near term. Let see how the Index opens today near 25295-25335-25370 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57339.75 on the opening move, it made a high 57363.70 thereafter, it moved down, made a low 56886.60 and closed on a negative note at 56956 with an intra loss 257.55 points, i.e., -0.45%,  today Nifty Bank Index must move and sustain above 57000-57065-57170 levels; if to do so, then it may try to test 57225-57365-57415-57515-57630-57845-57900 levels. On the other hand, any weakness near 57000-57065-57170 further, it moves below 56885-56740 then, the Index may re-visit 56625-56550-56425-56300-56140-56065 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 83658.20 on the opening move, it made a day high 83742.28 thereafter, it moved down and made a low 83134.97 and closed on a negative note at 83190.28 with an intra loss 345.80 points, i.e., -0.41%, today Sensex must move and sustain above 83280-83390 levels; if to do so, then it may try to re-test 83430-83555-83685-83780-83870-83975-84100 levels. On the other hand, any weakness near 83280-83390 further, it moves below 83135-83015 then, the Index may re-visit 82810-82785-82640-82470-82300 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 10th Jul'25 stands at 0.76 with PUT open interest of 3467766 and CALL open interest of 4542581, 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, continued as a net buyer, they bought on the net basis to the tune of Rs.221.06 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.591.33 Cr.

For the month of July, month to date FIIs/FPIs continued as a net seller, they sold Rs.5179.962 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.8844.35 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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