16.07.2025-Wednesday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat to positive note at 25089.50, on the opening move it made a low 25088.45 further it moved up, made a day high 25245.20 and closed on a positive note at 25195.80 with an intra gain 113.50 points, i.e., 0.45%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25210-25160-25120 levels; if open, trade and sustain above 25210 then, the index may re-test 25240-25275-25335-25390-25420 levels. On the other hand, the immediate support lies at 25090-25000 if, the Index moves below 25000 then, it may try to re-visit 24980-24950-24925-24900-24845-24800-24755-24730 levels.

Special Mention: Yesterday, Nifty Index opened on flat to positive note, moved up above 25200, made a high 25245.20, and closed just belowr 25200 level. Today, the Nifty index must trade, sustain and closes above 25275-25335; it may continue the pull back rally to re-test 25510-25670-25760 levels in the near term. On the other hand, the immediate support seen at 25000-24955, further weakness below 24955 then, the Index may try to re-visit 24930-24840-24755-24615 levels in the near term. Let see how the Index opens today near 25210-25160-25120 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 56709.20 on the opening move, it made a low 56707.80 thereafter, it moved up, made a high 57134.95 and closed on a positive note at 57006.65 with an intra gain 241.60 points, i.e., 0.42%,  today Nifty Bank Index must move and sustain above 57075-57135 levels; if to do so, then it may try to test 57275-57360-57465-57570-57630 levels. On the other hand, any weakness near 57075-57135 further, it moves below 56970-56910-56870 then, the Index may re-visit 56810-56710-56550-56425-56300-56140-56065-55985 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 82233.16 on the opening move, it made a day low 82221.74 thereafter, it moved up and made a high 82743.62 and closed on a positive note at 82570.91 with an intra gain 317.45 points, i.e., 0.39%, today Sensex must move and sustain above 82665-82745 levels; if to do so, then it may try to re-test 82810-82980-83110-83240-83355-83465-83610-83810 levels. On the other hand, any weakness near 82665-82745 further, it moves below 82450-82345 then, the Index may re-visit 82220-82010-81875-81780-81535-81370-81200 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 15th Jul'25 stands at 0.88 with PUT open interest of 2982306 and CALL open interest of 3392547, when compared with previous day level of 0.72, 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.120.47 Cr. On the other hand, D-IIs continued as a net buyer they bought on the net basis to the tune of Rs.1787.68 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.11778.03 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.15745.69 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 Jun'25 released on 14th Jul'25-Monday, the inflation has come down to 2.10% from May'25 level i.e., 2.82%.

WPI Inflation data for the month of Jun'25 released on 14th Jul'25-Monday, it has come down further to the negative side i.e., -0.13% as against the May'25 level i.e.,0.39%.

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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