31.07.2025-Thursday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 24890.40, on the opening move it made a low 24771.95 further it moved up, made a high 24902.30 and closed on a positive note at 24855.05 with an intra gain 33.95 points, i.e., 0.14%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24770-24820-24885 levels; if open, trade and sustain above 24885 then, the index may re-test 24920-24960-25000-25025-25055-25080 levels. On the other hand, the immediate support lies at 24740-24715 if, the Index moves below 24715 then, it may try to re-visit 24670-24635-24600-24565-24530-24515-24475 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, on opening move, took support near 24770, further moved up till 24902.30 and closed above 24850 level. Today, the Nifty index must trade, sustain and closes above 24900-24945; 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 24770-24820-24885 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 56310.10 on the opening move, it made a low 56064.55 thereafter, it moved up, made a high 56321.15 and closed on a negative note at 56150.70 with an intra loss 71.30 points, i.e., -0.13%,  today Nifty Bank Index must move and sustain above 56265-56320-56390 levels; if to do so, then it may try to test 56490-56585-56680-56765-56850-56960-57060 levels. On the other hand, any weakness near 56265-56320-56390 further, it moves below 56100-56025-55975 then, the Index may re-visit 55820-55740-55660-55595-55485-55405-55375-55150 levels. 

Sensex Index: Yeserday, Sensex opened on a positive note at 81594.52 on the opening move, it made a day low 81187.06 thereafter, it moved up and made a high 81618.96 and closed on a positive note at 81481.86 with an intra gain 143.91 points, i.e., 0.18%, today Sensex must move and sustain above 81570-81620 levels; if to do so, then it may try to re-test 81735-81810-81940-82040-82140-82225 levels. On the other hand, any weakness near 81570-81620 further, it moves below 81410-81310 then, the Index may re-visit 81220-81100-80975-80820-80700-80575 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 30th Jul'25 stands at 0.87 with PUT open interest of 3102509 and CALL open interest of 3553433, when compared with previous day level of 0.80, 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.850.04 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1829.11 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.42077.80 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.54566.47 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.

DISCLAIMER:

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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