06.08.2025-Wednesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat note at 24720.25, on the opening move it made a high 24733.10 further it moved down, made a low 24590.30 and closed on a negative note at 24649.55 with an intra loss 72.70 points, i.e., -0.29%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24670-24645-24590 levels; if open, trade and sustain above 24670 then, the index may re-test 24700-24735-24770-24795-24830-24865-24890-24955 levels. On the other hand, the immediate support lies at 24550-24520 if, the Index moves below 24520 then, it may try to re-visit 24500-24475-24425-24375-24345 levels.

Special Mention: Yesterday, Nifty Index opened on a flat note, on opening move, unable to surpass 24735, the intra sell-off dragged till 24590.30 and closed above 24645 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 24550-24520, 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 24670-24645-24590 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55545.05 on the opening move, it made a high 55648.15 thereafter, it moved low, made a low 55202.85 and closed on a negative note at 55360.25 with an intra loss 259.10 points, i.e., -0.47%,  today Nifty Bank Index must move and sustain above 55410-55520 levels; if to do so, then it may try to test 55650-55770-55945-56155-56270-56410-56575 levels. On the other hand, any weakness near 55410-55520 further, it moves below 55310-55150 then, the Index may re-visit 55060-55910-54765-54610-54460 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 80946.43 on the opening move, it made a day high 81010.49 thereafter, it moved down and made a low 80554.40 and closed on a negaitve note at 80710.25 with an intra loss 308.47 points, i.e., -0.38%, today Sensex must move and sustain above 80805-80910 levels; if to do so, then it may try to re-test 81010-81135-81305-81420-81520-81655-81800-82000 levels. On the other hand, any weakness near 80805-80910 further, it moves below 80660-80555 then, the Index may re-visit 80430-80340-80200-80090-79820 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 05th Aug'25 stands at 0.83 with PUT open interest of 2806089 and CALL open interest of 3363101, when compared with previous day level of 1.07, 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.22.48 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.5955.39 Cr.

For the month of Aug'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.5955.39 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.11413.54 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 July'25 released on 05th Aug'25-Tuesday, it moved up to 60.50 from 60.40 i.e., Jun'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.

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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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