08.08.2025-Friday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24464.40, on the opening move it made a low 24344.15 further it moved up, made a high 24634.20 and closed on a positive note at 24596.15 with an intra gain 21.95 points, i.e., 0.09%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24650-24620-24565 levels; if open, trade and sustain above 24650 then, the index may re-test 24690-24715-24735-24755-24775-24825-24850 levels. On the other hand, the immediate support lies at 24535-24495-24445 if, the Index moves below 24445 then, it may try to re-visit 24415-24375-24345-24305-24265 levels.

Special Mention: Yesterday, Nifty Index opened on a negative note, on opening move, unable to surpass 24535, the intra sell-off dragged till 24344.15, the last hour pull back rally lifted the index till 24634.20 and closed above 24580 levels. Today, the Nifty index must trade, sustain and closes above 24635-24740; it may continue the pull back rally to re-test 24840-24955-25160 levels in the near term. On the other hand, the immediate support seen at 24445-24345, further weakness below 243455 then, the Index may try to re-visit 24265-24170 levels in the near term. Let see how the Index opens today near 24650-24620-24565 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55215.65 on the opening move, it made a low 54973.55 thereafter, it moved up, made a high 55614.80 and closed on a positive note at 55521.015 with an intra gain 110 points, i.e., 0.20%,  today Nifty Bank Index must move and sustain above 55615-55690 levels; if to do so, then it may try to test 55755-55860-55925-55985-56040-56100 levels. On the other hand, any weakness near 55615-55690 further, it moves below 55475-55425 then, the Index may re-visit 55370-55295-55215-55155-55140-55050-54975 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 80262.98 on the opening move, it made a day low 79811.29 thereafter, it moved up and made a high 80737.55 and closed on a positive note at 80623.26 with an intra gain 79.27 points, i.e., 0.10%, today Sensex must move and sustain above 80630-80735 levels; if to do so, then it may try to re-test 80835-80820-80945-81090-81135-81220-81375 levels. On the other hand, any weakness near 80630-80735 further, it moves below 80540-80465 then, the Index may re-visit 80385-80275-80165-80105-80030-79920 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 07th Aug'25 stands at 0.92 with PUT open interest of 3976613 and CALL open interest of 4331082, when compared with previous day level of 0.74, 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.4997.19 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.10864.04 Cr.

For the month of Aug'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.15951.68 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.29071.86 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 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 Aug'25-Wednesday, the MPC has maintained the Repo rate as 5.50% from the existing rate of 5.50%, also it has maintained the CRR-Cash Reserve Ratio as 3%. 

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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