21.07.2025-Monday, 08.30 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a flat to negative note at 25108.55, on the opening move it made a high 25144.60 further it moved down, made a low 24918.65 and closed on a negative note at 24968.40 with an intra loss 143.05 points, i.e., -0.57%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25000-24950-24930 levels; if open, trade and sustain above 25000 then, the index may re-test 25025-25050-25080-25125-25155-25185-25215-25255 levels. On the other hand, the immediate support lies at 24890-24845 if, the Index moves below 24845 then, it may try to re-visit 24825-24780-24735-24700-24675-24615 levels.

Special Mention: On Friday, Nifty Index opened on flat to positive note, on opening move, it unable to surpass 25150, the day long sell-off dragged the index till our support levels i.e.,24930, made a low 24918.65 and closed below 25000 level. Today, the Nifty index must trade, sustain and closes above 25075-25155; it may continue the pull back rally to re-test 25255-25510-25670 levels in the near term. On the other hand, the immediate support seen at 24930-24825, further weakness below 24825 then, the Index may try to re-visit 24755-24615 levels in the near term. Let see how the Index opens today near 25000-24950-24930 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 56524.25 on the opening move, it made a high 56705.15 thereafter, it moved down, made a low 56204.85 and closed on a negative note at 56283 with an intra loss 545.80 points, i.e., -0.96%,  today Nifty Bank Index must move and sustain above 56330-56430 levels; if to do so, then it may try to test 56535-56615-56705-56840-56960-57055 levels. On the other hand, any weakness near 56330-56430 further, it moves below 56205-56140 then, the Index may re-visit 55980-55850-55730-55600-55475 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 82193.62 on the opening move, it made a day high 82334.75 thereafter, it moved down and made a low 81608.13 and closed on a negative note at 81757.73 with an intra loss 501.51 points, i.e., -0.61%, today Sensex must move and sustain above 81875-81970 levels; if to do so, then it may try to re-test 82055-82120-82195-82265-82335-82440-82530 levels. On the other hand, any weakness near 81875-81970 further, it moves below 81710-81610 then, the Index may re-visit 81500-81350-81235-81190 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 18th Jul'25 stands at 0.78 with PUT open interest of 2250813 and CALL open interest of 2876262, when compared with previous day level of 0.79, 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 : On Friday, FIIs/FPIs, turned as a net buyer, they bought on the net basis to the tune of Rs.374.71 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.2103.51 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.16955.78 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.21893.52 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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