29.08.2025-Friday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24695.80 on the opening move, it made a high 24702.65 further it moved up, made a low 24481.60 and closed on a negative note at 24500.90 with an intra loss 211.15 points, i.e., -0.85%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open a flat to negative note near 24500-24470 levels; if open, trade and sustain above 24500 then, the index may re-test 24530-24565-24590-24635-24670-24700-24740 levels. On the other hand, the immediate support lies at 24435-24385 if, the Index moves below 24385 then, it may try to re-visit 24335-24295-24250-24210-24165 levels.

Special Mention: Yesterday, Nifty Index opened on a negative note, unable to sustain above 24700, further moved down till our threshold support levels i.e., 24470, made a low 24481.60 and closed below 24530. Today, the Nifty index must trade, sustain and closes above 24650-24750; it may continue the pull back rally to re-test 24955-25155-25250 levels in the near term. On the other hand, the immediate support seen at 24465-24430-24340, further weakness below 24340 then, the Index may try to re-visit 24165-24115-23935 levels in the near term. Let see how the Index opens today near 24500-24470 levels.

Nifty Bank Index: Yeserday, Nifty Bank Index opened on a negative note at 54256 on the opening move, it made a high 54382.25 thereafter it moved down, made a low 53768.45 and closed on a negative note at 53820.35 with an intra loss 630.10 points, i.e., -1.17%, today Nifty Bank Index must move and sustain above 53910-54050 levels; if to do so, then it may try to test 54075-54145-54200-54310-54385-54505-54680 levels. On the other hand, any weakness near 53910-54050 further, it moves below 53770-53600 then, the Index may re-visit 53485-53390-53240-53165-52890 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 80754.66 on the opening move, it made a day high 80775.71 thereafter, it moved down, made a low 80013.02 and closed on a negative note at 80080.57 with an intra loss 705.97 points, i.e., -0.87%, today Sensex must move and sustain above 80195-80350 levels; if to do so, then it may try to re-test 81065-81150-80435-80565-80695-80775-80905-80985 levels. On the other hand, any weakness near 80195-80350 further, it moves below 80000-79775 then, the Index may re-visit 79600-79430-79235-79365-78970 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 28th Aug'25 stands at 0.74 with PUT open interest of 3503252 and CALL open interest of 4715295, when compared with previous day level of 0.72, 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.3856.51 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.6920.34 Cr.

For the month of Aug'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.38590.26 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.83040.91 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 Jul'25 released on 28th Aug'25-Thursday, the Industrial production has gone up to 3.50%; when compared to the Jun'25 level, i.e., 1.50%. 

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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