24.09.2025-Wednesday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a flat note at 25209, on opening move, it took support at 25084.65, thereafter it moved up till 25261.90 and closed on a negative note at 25169.50 with an intra loss 32.85 points, i.e., -0.13%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open a negative note near 25150-25125-25085 levels; if open, trade and sustain above 25150 then, the index may re-test 25175-25200-25225-25260-25310-25330-25365-25420-25450 levels. On the other hand, the immediate support lies at 25050-25020 if, the Index moves below 24990 then, it may try to re-visit 24990-24955-24925-24895-24865 levels.

Special Mention: Yestrerday, Nifty Index opened on a flat note, the sell-off dragged till 25084.65, and closed just 25150. Today, the Nifty index must trade, sustain and closes above 25225-25340; it may continue the pull back rally to re-test 25450-25530-25615 levels in the near term. On the other hand, the immediate support seen at 25050-24990, further weakness below 24990 then, the Index may try to re-visit 24925-24845-24750 levels in the near term. Let see how the Index opens today near 25150-25125-25085 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55248.70 on the opening move, it made a low 55159 thereafter it moved up, made a high 55662 and closed on a positive note at 55509.75 with an intra gain 225 points, i.e., 0.41%, today Nifty Bank Index must move and sustain above 55575-55660 levels; if to do so, then it may try to test 55760-55835-55940-56045-56155 levels. On the other hand, any weakness near 55575-55660 further, it moves below 55475-55350 then, the Index may re-visit 55275-55160-55025-54905-54780-54700 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 82147.37 on the opening move, it made a day low 81776.53 thereafter, it moved up, made a high 82370.38 and closed on a negative note at 82102.10 with an intra loss 57.87 points, i.e., -0.07%, today Sensex must move and sustain above 82195-82245 levels; if to do so, then it may try to re-test 82370-82460-82540-82620-82740-82850 levels. On the other hand, any weakness near 82195-82245 further, it moves below 82040-81960 then, the Index may re-visit 81910-81845-81775-81670-81615-81445 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 23rd Sep'25 stands at 0.86 with PUT open interest of 3752801 and CALL open interest of 4377655, 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.1551.19 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.2670.87 Cr.

For the month of Sep'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.15033.93 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.43578.18 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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