18.07.2025-Friday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat to positive note at 25230.75, on the opening move it made a high 25238.35 further it moved down, made a low 25101 and closed on a negative note at 25111.45 with an intra loss 100.60 points, i.e., -0.40%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25155-25130-25095 levels; if open, trade and sustain above 25155 then, the index may re-test 25180-25210-25245-25275-25340-25390-25420 levels. On the other hand, the immediate support lies at 25060-25025 if, the Index moves below 25025 then, it may try to re-visit 25000-24980-24930-24865-24825 levels.

Special Mention: Yesterday, Nifty Index opened on flat to positive note, on opening move, it unable to surpass 25245, the day long consolidation and last hour brief intra sell-off dragged the index till our support levels i.e.,25100, made a low 25101 and closed below 25150 level. Today, the Nifty index must trade, sustain and closes above 25245-25275-25335; 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 25155-25130-25095 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57231.95 on the opening move, it made a high 57262.85 thereafter, it moved down, made a low 56780.15 and closed on a negative note at 56828.80 with an intra loss 340.15 points, i.e., -0.60%,  today Nifty Bank Index must move and sustain above 56960-57020-57075 levels; if to do so, then it may try to test 57120-57200-57275-57365-57460-57570 levels. On the other hand, any weakness near 56960-57020-57075 further, it moves below 56780-56675 then, the Index may re-visit 56595-56475-56300-56140-56065-55985-55730 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82753.53 on the opening move, it made a day high 82757.09 thereafter, it moved down and made a low 82219.27 and closed on a negative note at 82259.24 with an intra loss 375.24 points, i.e., -0.45%, today Sensex must move and sustain above 82345-82425 levels; if to do so, then it may try to re-test 82550-82620-82755-82785-82900-83010-83120-83205-83285-83425 levels. On the other hand, any weakness near 82345-82425 further, it moves below 82220-82100 then, the Index may re-visit 82010-81875-81780-81535 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 17th Jul'25 stands at 0.79 with PUT open interest of 3439267 and CALL open interest of 4377003, when compared with previous day level of 0.92, 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 seller, they sold on the net basis to the tune of Rs.3694.31 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.2820.77 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.17330.49 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.19790.01 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.

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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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