30.07.2025-Wednesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24609.65, on the opening move it made a low 24598.60 further it moved up, made a high 24847.15 and closed on a positive note at 24821.10 with an intra gain 140.20 points, i.e., 0.57%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24775-24800-24850 levels; if open, trade and sustain above 24850 then, the index may re-test 24885-24920-24960-25000-25025-25055 levels. On the other hand, the immediate support lies at 24745-24710 if, the Index moves below 24710 then, it may try to re-visit 24670-24635-24600-24565-24530-24515-24475 levels.

Special Mention: Yesterday, Nifty Index opened on a negative note, on opening move, took support near 24600, further moved up till 24847.15 and closed above 24800 level. Today, the Nifty index must trade, sustain and closes above 24880-24945; it may continue the pull back rally to re-test 25070-25250 levels in the near term. On the other hand, the immediate support seen at 24600-24520, further weakness below 24520 then, the Index may try to re-visit 24475-24345-24170 levels in the near term. Let see how the Index opens today near 24775-24800-24850 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55881.80 on the opening move, it made a low 55843.25 thereafter, it moved up, made a high 56296.40 and closed on a positive note at 56222 with an intra gain 137.10 points, i.e., 0.24%,  today Nifty Bank Index must move and sustain above 56295-56405 levels; if to do so, then it may try to test 56495-56580-56665-56755-56885-57000 levels. On the other hand, any weakness near 56295-56405 further, it moves below 56190-56085 then, the Index may re-visit 56015-55950-55845-55735-55595-55440 levels. 

Sensex Index: Yeserday, Sensex opened on a negative note at 80620.25 on the opening move, it made a day low 81429.88 thereafter, it moved up and made a high 81429.88 and closed on a positive note at 81337.95 with an intra gain 446.93 points, i.e., 0.55%, today Sensex must move and sustain above 81430-81550 levels; if to do so, then it may try to re-test 81680-81810-81940-82040-82140 levels. On the other hand, any weakness near 81430-81550 further, it moves below 81260-81155 then, the Index may re-visit 81000-80900-80780-80675-80575 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 29th Jul'25 stands at 0.80 with PUT open interest of 2862739 and CALL open interest of 3559187, when compared with previous day level of 0.64, 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.4636.60 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.6146.82 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.41227.76 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.52737.36 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 Jun'25 released on 28th Jul'25-Monday, the Industrial production has come down to 1.50%; when compared to the May'25 level, i.e., 1.90%. 

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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