01.08.2025-Friday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24642.25, on the opening move it made a low 24635 further it moved up, made a high 24956.50 and closed on a negative note at 24768.35 with an intra loss 86.70 points, i.e., -0.35%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24750-24710-24670 levels; if open, trade and sustain above 24750 then, the index may re-test 24780-24820-24850-24885-24920-24950-25000-25040 levels. On the other hand, the immediate support lies at 24635-24600 if, the Index moves below 24600 then, it may try to re-visit 24575-24545-24520-24500-24470 levels.

Special Mention: Yesterday, Nifty Index opened on a negative note, on opening move, it took support near 24635, further moved up till 24956.50 and closed below 24850 level. Today, the Nifty index must trade, sustain and closes above 24850-24955; it may continue the pull back rally to re-test 25055-25250 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 24750-24710-24670 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55728.15 on the opening move, it made a low 55547.35 thereafter, it moved up, made a high 56406.20 and closed on a negative note at 55961.95 with an intra loss 188.75 points, i.e., -0.34%,  today Nifty Bank Index must move and sustain above 56040-56155 levels; if to do so, then it may try to test 56260-56405-56535-56640-56800-56935 levels. On the other hand, any weakness near 56040-56155 further, it moves below 55960-55875-55750 then, the Index may re-visit 55650-55550-55445-55300-55225-55150 levels. 

Sensex Index: Yeserday, Sensex opened on a negative note at 80695.50 on the opening move, it made a day low 80685.15 thereafter, it moved up and made a high 81803.27 and closed on a negative note at 81185.58 with an intra loss 296.28 points, i.e., -0.36%, today Sensex must move and sustain above 81250-81380 levels; if to do so, then it may try to re-test 81480-81560-81675-81800-81950-82100 levels. On the other hand, any weakness near 81250-81380 further, it moves below 81120-80975 then, the Index may re-visit 80895-80820-80695-80575 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 31st Jul'25 stands at 1.01 with PUT open interest of 3587104 and CALL open interest of 3546757, when compared with previous day level of 0.87, 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.5588.91 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.6372.71 Cr.

For the month of July'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.47666.71 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.60939.18 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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