04.08.2025-Monday, 08.40 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a negative note at 24734.90, on the opening move it made a high 24784.15 further it moved down, made a low 24535.05 and closed on a negative note at 24565.35 with an intra loss 203 points, i.e., -0.82%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24535-24585-24630 levels; if open, trade and sustain above 24630 then, the index may re-test 24660-24695-24730-24770-24800-24835-24865 levels. On the other hand, the immediate support lies at 24520-24500 if, the Index moves below 24500 then, it may try to re-visit 24470-24450-24425-24400-24375 levels.

Special Mention: On Friday, Nifty Index opened on a negative note, on opening move, it took support near 24680, further moved up till 24784 thereafter, the intensive sell-off dragged till 24535.05 and closed below 24600 level. Today, the Nifty index must trade, sustain and closes above 24600-24695; it may continue the pull back rally to re-test 24830-24955-25110 levels in the near term. On the other hand, the immediate support seen at 24470-24420, further weakness below 24420 then, the Index may try to re-visit 24345-24170-23940 levels in the near term. Let see how the Index opens today near 24535-24585-24630 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 55897.15 on the opening move, it made a high 56097.60 thereafter, it moved down, made a low 55562.10 and closed on a negative note at 55617.60 with an intra loss 344.35 points, i.e., -0.62%,  today Nifty Bank Index must move and sustain above 55690-55765 levels; if to do so, then it may try to test 55830-55920-56020-56155-56245-56300-56405 levels. On the other hand, any weakness near 55690-55765 further, it moves below 55550-55445 then, the Index may re-visit 55300-55225-55150-55065 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 81074.41 on the opening move, it made a day high 81317.51 thereafter, it moved down and made a low 80495.57 and closed on a negative note at 80599.91 with an intra loss 585.67 points, i.e., -0.72%, today Sensex must move and sustain above 80690-80810 levels; if to do so, then it may try to re-test 80905-81010-81075-81150-81220-81315-81420-81540 levels. On the other hand, any weakness near 80690-80810 further, it moves below 80500-80385 then, the Index may re-visit 80355-80200-80030-79915-79820 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 01st Aug'25 stands at 0.75 with PUT open interest of 2137861 and CALL open interest of 2863249, when compared with previous day level of 1.01, 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 : On Friday, FIIs/FPIs, continued as a net seller, they sold on the net basis to the tune of Rs.3366.40 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.3186.86 Cr.

For the month of Aug'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.3366.40 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.3186.86 Cr.

INDIA's Macro Data:-

On 01st Aug'25-Friday, the HSBC Manufacturing PMI data released for the month of Jul'25, it moved up to 59.10 from 58.40 i.e., Jun'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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