What has happened yesterday? Nifty Index, opened on a negative note at 25108.75, on opening move, it made a day high 25149.85, thereafter it moved down till 25027.45 and closed on a negative note at 25056.90 with an intra loss 112.60 points, i.e., -0.45%.
What will happen today?
Nifty Index: Today, we expect the Nifty may open a flat to negative note near 25050-25025-24990 levels; if open, trade and sustain above 25050 then, the index may re-test 25075-25110-25135-25150-25185-25215-25240-25285-25330 levels. On the other hand, the immediate support lies at 24960-24925 if, the Index moves below 24925 then, it may try to re-visit 24895-24865-24815-24785-24750 levels.
Special Mention: Yestrerday, Nifty Index opened on a negative note, the sell-off dragged till 25027.45, and closed just above 25050. Today, the Nifty index must trade, sustain and closes above 25150-25225; it may continue the pull back rally to re-test 25330-25450-25530 levels in the near term. On the other hand, the immediate support seen at 24980-24925, further weakness below 24925 then, the Index may try to re-visit 24845-24750-24620 levels in the near term. Let see how the Index opens today near 25050-25025-24990levels.
Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55387.10 on the opening move, it made a high 55511.10 thereafter it moved down, made a low 55040.45 and closed on a negative note at 55121.50 with an intra loss 388.25 points, i.e., -0.70%, today Nifty Bank Index must move and sustain above 55150-55220 levels; if to do so, then it may try to test 55285-55345-55435-55530-55600-55640-55745-55835 levels. On the other hand, any weakness near55150-55220 further, it moves below 55190-55165 then, the Index may re-visit 55080-55020-54980-54805-54635-54465 levels.
Sensex Index: Yesterday, Sensex opened on a negative note at 81917.65 on the opening move, it made a day high 82045.47 thereafter, it moved down, made a low 81607.84 and closed on a negative note at 81715.63 with an intra loss 386.47 points, i.e., -0.47%, today Sensex must move and sustain above 81775-81825 levels; if to do so, then it may try to re-test 81915-82045-82165-82285-82375-82465-82555-82690 levels. On the other hand, any weakness near 81775-81825 further, it moves below 81610-81490 then, the Index may re-visit 81445-81215-81190-80985 levels.
PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 24th Sep'25 stands at 0.87 with PUT open interest of 2445933 and CALL open interest of 2804536, when compared with previous day level of 0.86, 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.2425.75 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.1211.68 Cr.
For the month of Sep'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.17459.68 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.44789.86 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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