17.07.2025-Thursday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat note at 25196.60, on the opening move it made a low 25121.05 further it moved up, made a day high 25255.30 and closed on a positive note at 25212.05 with an intra gain 16.25 points, i.e., 0.06%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25275-25245-25185 levels; if open, trade and sustain above 25275 then, the index may re-test 25295-25335-25390-25420-25470 levels. On the other hand, the immediate support lies at 25150-25120 if, the Index moves below 25120 then, it may try to re-visit 25100-25070-25035-25000-24965-24930 levels.

Special Mention: Yesterday, Nifty Index opened on flat note, on opening move, it tried to surpass 25200, but unable to do that, thereafter, came down till our support zone 25125-25090, made a low 25121.05, after the couple of hours consolidation, it further moved up in the last hour trade, till 25255.30 and closed above 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 25090-25000, further weakness below 25000 then, the Index may try to re-visit 24930-24840-24755 levels in the near term. Let see how the Index opens today near 25275-25245-25185 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57111.25 on the opening move, it made a low 56936.70 thereafter, it moved up, made a high 57276.55 and closed on a positive note at 57168.95 with an intra gain 162.30 points, i.e., 0.28%,  today Nifty Bank Index must move and sustain above 57275-57365 levels; if to do so, then it may try to test 57465-57570-57630-57700-57825 levels. On the other hand, any weakness near 57275-57365 further, it moves below 57085-56940 then, the Index may re-visit 56855-56755-56595-56475-56300-56140-56065-55985-55730 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 82534.66 on the opening move, it made a day low 82342.94 thereafter, it moved up and made a high 82784.75 and closed on a positive note at 82634.48 with an intra gain 63.57 points, i.e., 0.08%, today Sensex must move and sustain above 82690-82785 levels; if to do so, then it may try to re-test 82810-82910-83010-83120-83205-83285-83425-83600 levels. On the other hand, any weakness near 82690-82785 further, it moves below 82565-82510 then, the Index may re-visit 82445-82340-82250-82190-82010-81875 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 16th Jul'25 stands at 0.92 with PUT open interest of 3394219 and CALL open interest of 3690180, when compared with previous day level of 0.88, 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.1858.15 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1223.55 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.13636.18 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.16969.24 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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