05.08.2025-Tuesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 24596.05, on the opening move it made a low 24554 further it moved up, made a high 24736.25 and closed on a positive note at 24722.25 with an intra gain 156.90 points, i.e., 0.64%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24680-24735-24785 levels; if open, trade and sustain above 24785 then, the index may re-test 24830-24865-24885-24930-24965 levels. On the other hand, the immediate support lies at 24645-24620 if, the Index moves below 24620 then, it may try to re-visit 24595-24555-24520-24500-24475-24425 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, on opening move, it took support near 24554, further moved up till 24734.65, made an inside day pattern i.e., not broken the previous day high or low levels and closed above 24695 level. Today, the Nifty index must trade, sustain and closes above 24745-24785; it may continue the pull back rally to re-test 24835-24955-25110 levels in the near term. On the other hand, the immediate support seen at 24615-24520, 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 24680-24735-24785 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 55567.50 on the opening move, it made a low 55437.30 thereafter, it moved up, made a high 55619.35 and closed on a flat to positive note at 55619.35 with an intra gain 1.75 points, i.e., 0.00%,  today Nifty Bank Index must move and sustain above 55660-55750 levels; if to do so, then it may try to test 55835-55920-56020-56155-56245-56300-56405 levels. On the other hand, any weakness near 55660-55750 further, it moves below 55510-55440 then, the Index may re-visit 55300-55225-55150-55065 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 80765.83 on the opening move, it made a day low 80500.51 thereafter, it moved up and made a high 81093.19 and closed on a positive note at 81018.72 with an intra gain 418.81 points, i.e., 0.52%, today Sensex must move and sustain above 81095-81150 levels; if to do so, then it may try to re-test 81250-81305-81420-81520-81655-81800 levels. On the other hand, any weakness near 81095-81150 further, it moves below 80920-80810 then, the Index may re-visit 80725-80640-80500-80340-80200 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 04th Aug'25 stands at 1.07 with PUT open interest of 2948602 and CALL open interest of 2757429, when compared with previous day level of 0.75, 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.2566.51 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.4386.29 Cr.

For the month of Aug'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.5932.91 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.7573.15 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%. Next RBI MPC meet outcome is expected on 06th Aug'25, Wednesday.

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.

Research Analyst Disclaimer: Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.