17.09.2025-Wednesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat note at 25073.60, took strong support at 25070.45 then moved up, made a high 25261.40 and closed on a positive note at 25239.10 with an intra gain 0.68 points, i.e., 0.68%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open a flat to positive note near 25240-25260-25280 levels; if open, trade and sustain above 25280 then, the index may re-test 25305-25320-25355-25385-25440 levels. On the other hand, the immediate support lies at 25205-25155 if, the Index moves below 25155 then, it may try to re-visit 25125-25090-25070-25035-25015 levels.

Special Mention: Yesterday, Nifty Index opened on a flat to positive note, thereafter moved up and surpassed the threshold resistance levels i.e., 25150-25250, made a high 25261.40 and closed above 25150. Today, the Nifty index must trade, sustain and closes above 25280-25305; it may continue the pull back rally to re-test 25385-25440-25530 levels in the near term. On the other hand, the immediate support seen at 25150-24950, further weakness below 24950 then, the Index may try to re-visit 24745-24545-24405 levels in the near term. Let see how the Index opens today near 25240-25260-25280 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 54778.40 on the opening move, it made a low 54777.745 thereafter it moved up, made a high 55185.45 and closed on a positive note at 55147.60 with an intra gain 259.75 points, i.e., 0.47%, today Nifty Bank Index must move and sustain above 55185-55280 levels; if to do so, then it may try to test 55395-55500-55600-55860-56155 levels. On the other hand, any weakness near 55185-55280 further, it moves below 55065-55025-54980 then, the Index may re-visit 54930-54755-54625-54450 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 81852.11 on the opening move, it made a day low 81779.94 thereafter, it moved up, made a high 82443.48 and closed on a positive note at 82380.69 with an intra gain 594.95 points, i.e., 0.73%, today Sensex must move and sustain above 82445-82630 levels; if to do so, then it may try to re-test 82820-82910-83000-83165 levels. On the other hand, any weakness near 82445-82630 further, it moves below 82230-82090 then, the Index may re-visit 82000-81820-81780-81600 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 16th Sep'25 stands at 1.32 with PUT open interest of 4777693 and CALL open interest of 3618302, when compared with previous day level of 1.08, 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, turned as a net buyer, they bought on the net basis to the tune of Rs.308.32 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1518.75 Cr.

For the month of Sep'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.10205.54 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.30599.37 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 Aug'25 released on 03rd Sep'25-Wednesday, it moved up to 62.39 from 60.50 i.e., Jul'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 Aug'25 released on 15th Sep'25-Monday, it has come moved up to the postive level  i.e., 0.52%, as against the Jul'25 level i.e.,-0.58%.

Unemployment Rate for the month of Aug'25 released on 15th Sep'25-Monday, the unemolyment rate has come down to 5.10% as against the Jul'25 level i.e., 5.20% 

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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