02.09.2025-Tuesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24432.70 on the opening move, it made a low 24432.70 further it moved up, made a high 24635.60 and closed on a positive note at 24625.05 with an intra gain 198.20 points, i.e., 0.81%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open a flat to postiive note near 24600-24635-24690 levels; if open, trade and sustain above 24690 then, the index may re-test 24735-24780-24820-24865-24900-24935 levels. On the other hand, the immediate support lies at 24575-24550 if, the Index moves below 24550 then, it may try to re-visit 24535-24510-24480-24435-24405 levels.

Special Mention: Yesterday, Nifty Index opened on a flat to positive note, took support near 24430, further moved up till our threshold resistance levels i.e., 24620, made a high 24635.60 and closed above 24620. Today, the Nifty index must trade, sustain and closes above 24635-24690; it may continue the pull back rally to re-test 24780-24935-25070 levels in the near term. On the other hand, the immediate support seen at 24405-24385-24340, 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 24600-24635-24690 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 53658.15 on the opening move, it made a low 53658.15 thereafter it moved up, made a high 54035.85 and closed on a positive note at 54002.45 with an intra gain 346.80 points, i.e., 0.64%, today Nifty Bank Index must move and sustain above 54035-54140-54210 levels; if to do so, then it may try to test 54395-54580-54730-54880 levels. On the other hand, any weakness near 54035-54140-54210 further, it moves below 53905-53875 then, the Index may re-visit 53805-53745-53660-53605-53555-53400 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 79828.99 on the opening move, it made a day low 79818.38 thereafter, it moved up, made a high 80406.84 and closed on a positive note at 80364.49 with an intra gain 554.84 points, i.e., 0.70%, today Sensex must move and sustain above 80405-80525 levels; if to do so, then it may try to re-test 80650-80770-80890-81010-81195 levels. On the other hand, any weakness near 80405-80525 further, it moves below 80290-80110 then, the Index may re-visit 80045-79960-79885-79820-79775 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 01st Sep'25 stands at 1.14 with PUT open interest of 3948216 and CALL open interest of 3465730, 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.1429.71 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.4344.93 Cr.

For the month of Sep'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.1429.71 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.4344.93 Cr.

INDIA's Macro Data:-

On 01st Sep'25-Monday, the HSBC Manufacturing PMI data released for the month of Aug'25, it moved up to 59.30 from 59.10 i.e., Jul'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 Q1 ending Jun'25 released on 29th Aug'25-Friday, the GDP has moved up to 7.80% Vs.7.40% (Q4-Mar'25).

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.

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.

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