What has happened on Friday? Nifty Index, opened on a negative note at 25064.15 on the opening move, it made a high 25084.85 further it moved down, made a low 24859.15 and closed on a negative note at 24870.10 with an intra loss 213.65 points, i.e., -0.85%.
What will happen today?
Nifty Index: Today, we expect the Nifty may open a positive note with gap up near 24910-24950-24970 levels; if open, trade and sustain above 24970 then, the index may re-test 25005-25040-25065-25090-25125-25160-25200-25245-25280 levels. On the other hand, the immediate support lies at 24885-24860 if, the Index moves below 24860 then, it may try to re-visit 24840-24825-24795-24745 levels.
Special Mention: On Friday, Nifty Index opened on a negative note, unable to surpass 25090, made a high 25084.95, further the sell-off dragged till 24859.15 and closed below 24915. Today, the Nifty index must trade, sustain and closes above 24950-25065-25160; it may continue the pull back rally to re-test 25250-25280-25385-25490 levels in the near term. On the other hand, the immediate support seen at 24840-24745, further weakness below 24745 then, the Index may try to re-visit 24650-24530 levels in the near term. Let see how the Index opens today near 24910-24950-24970levels.
Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 55669.25 on the opening move, it made a high 55745 thereafter it moved down, made a low 55102.60 and closed on a negative note at 55149.40 with an intra loss 606.05 points, i.e., -1.10%, today Nifty Bank Index must move and sustain above 55360-55505 levels; if to do so, then it may try to test 55630-55750-55845-55930-56035-56150-56250-56320-56440-56610 levels. On the other hand, any weakness near55360-55505 further, it moves below 55255-55105 then, the Index may re-visit 54905-54800-54690-54565 levels.
Sensex Index: On Friday, Sensex opened on a negative note at 81951.48 on the opening move, it made a day high 81993.61 thereafter, it moved up, made a low 81291.77 and closed on a negative note at 81306.85 with an intra loss 693.86 points, i.e., -0.85%, today Sensex must move and sustain above 81590-81785 levels; if to do so, then it may try to re-test 81995-82185-82230-82350-82485-82640-82830 levels. On the other hand, any weakness near 81590-81785 further, it moves below 81290-81000 then, the Index may re-visit 80855-80710-80535-80350-80170-80060 levels.
PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 22nd Aug'25 stands at 0.73 with PUT open interest of 2367162 and CALL open interest of 3246464, 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 : On Friday, FIIs/FPIs, turned as a net seller, they sold on the net basis to the tune of Rs.329.25 Cr. On the other hand, DIIs turned as a net seller they sold on the net basis to the tune of Rs.1622.52 Cr.
For the month of Aug'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.25751.02 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.65883.51 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 Jul'25 released on 12th Aug'25-Tuesday, the inflation has come down to 1.55% from Jun'25 level i.e., 2.10%.
WPI Inflation data for the month of Jul'25 released on 14th Aug'25-Thursday, it has come down further to the negative side i.e., -0.58% as against the Jun'25 level i.e.,-0.13%.
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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