25.07.2025-Friday, 08.30 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25243.30, on the opening move it made a high 25246.25 further it moved down, made a low 25018.70 and closed on a negative note at 25062.10 with an intra loss 157.80 points, i.e., -0.63%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on near 25030-25100-25155 levels; if open, trade and sustain above 25155 then, the index may re-test 25180-25220-25245-25275-25300-25330-25370 levels. On the other hand, the immediate support lies at 24995-24970 if, the Index moves below 24970 then, it may try to re-visit 24925-24885-24845-24805-24755 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, on opening move, unable to surpass 25250, made a high 25246.25, thereafter the day long sell-off dragged till 25018.70 and closed below 25090 level. Today, the Nifty index must trade, sustain and closes above 25250-25275-25330; it may continue the pull back rally to re-test 25370-25440-25500 levels in the near term. On the other hand, the immediate support seen at 25020-24970, further weakness below 24970 then, the Index may try to re-visit 24880-24740 levels in the near term. Let see how the Index opens today near 25030-25100-25155 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57316.60 on the opening move, it made a high 57316.60 thereafter, it moved down, made a low 56850.90 and closed on a negative note at 57066.05 with an intra loss 144.40 points, i.e., -0.25%,  today Nifty Bank Index must move and sustain above 57150-57180-57210 levels; if to do so, then it may try to test 57275-57325-57465-57570-57630-57820 levels. On the other hand, any weakness near 57150-57180-57210 further, it moves below 57000-56850 then, the Index may re-visit 56760-56630-56550-56465-56335-56205 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82779.95 on the opening move, it made a day high 82784.24 thereafter, it moved down and made a low 82047.22 and closed on a negative note at 82184.17 with an intra loss 542.47 points, i.e., -0.66%, today Sensex must move and sustain above 82305-82415-82570 levels; if to do so, then it may try to re-test 82625-82785-83065-83140-83230-83320-83435-83550 levels. On the other hand, any weakness near 82305-82415-82570 further, it moves below 82080-82000 then, the Index may re-visit 81910-81820-81670-81520-81235 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 24th Jul'25 stands at 0.79 with PUT open interest of 3640747 and CALL open interest of 4588827, when compared with previous day level of 1.14, 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.2133.69 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.2617.14 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.28528.73 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.37687.40 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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