23.07.2025-Wednesday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25166.65, on the opening move it made a high 25182 further it moved down, made a low 25035.350 and closed on a negative note at 25060.90 with an intra loss 29.80 points, i.e., -0.12%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25090-25120-25150 levels; if open, trade and sustain above 25150 then, the index may re-test 25185-25215-25230-25255-25275-25300-25330 levels. On the other hand, the immediate support lies at 25035-25000 if, the Index moves below 25000 then, it may try to re-visit 24970-24935-24900-24860-24820 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, on opening move, made a high 25182, unable to sustain above 25180, the brief intra sell-off dragged the index till our threshold support zone 25135-25000, and closed below 25085 level. Today, the Nifty index must trade, sustain and closes above 25155-25180; it may continue the pull back rally to re-test 25255-25330-25510 levels in the near term. On the other hand, the immediate support seen at 25000-24890-24825, 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 25090-25120-25150 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57253.35 on the opening move, it made a high 57286.15 thereafter, it moved down, made a low 56692 and closed on a negative note at 56756 with an intra loss 196.75 points, i.e., -0.35%,  today Nifty Bank Index must move and sustain above 56830-56885-56985 levels; if to do so, then it may try to test 57060-57110-57210-57285-57320-57445-57570-57630 levels. On the other hand, any weakness near 56830-56885-56985 further, it moves below 56690-56615 then, the Index may re-visit 56535-56430-56340-56255-56205-56140 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82527.43 on the opening move, it made a day high 82538.17 thereafter, it moved up and made a low  82110.63 and closed on a negative note at 82186.81 with an intra loss 13.53 points, i.e., -0.02%, today Sensex must move and sustain above 82275-82380 levels; if to do so, then it may try to re-test 82480-82575-82655-82785-82935 levels. On the other hand, any weakness near 82275-82380 further, it moves below 82110-82000 then, the Index may re-visit 81910-81820-81670-81520-81315 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 22nd Jul'25 stands at 0.84 with PUT open interest of 2953264 and CALL open interest of 3527241, when compared with previous day level of 0.96, 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.3548.92 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.5239.77 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.22185.93 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.30711.74 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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