17.10.2025-Friday, 08.40 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a positive note at 25394.90, on opening move, it made a day low 25376.85, thereafter it moved up till 25625.40 and closed on a positive note at 25585.30 with an intra gain 261.75 points, i.e., 1.03%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open on a flat to negative note near 25570-25550-25535 levels; if open, trade and sustain above 25570 then, the index may re-test 25600-25625-25645-25670-25685-25705-25760 levels. On the other hand, the immediate support lies at 25500-25470 if, the Index moves below 25470 then, it may try to re-visit 25450-25410-25375-25340-25320 levels.

Special Mention: Yesterday, Nifty Index opened on a positive note, on opening move, made a low 25394.90, thereafter, the intra pull back lifted the index till 25625.40 and closed above 25450. Today, the Nifty index must trade, sustain and closes above 25645-25760; it may continue the pull back rally to re-test 25890-26015 levels in the near term. On the other hand, the immediate support seen at 25450-25320 further weakness below 25320 then, the Index may try to re-visit 25060-24915-24870 levels in the near term. Let see how the Index opens today near 25570-25550-25535 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a positive note at 57139.95, on the opening move, it made a low 56994.70 thereafter it moved up, made a high 57525.80 and closed on a positive note at 57422.55 with an intra gain 622.65 points, i.e., 1.10%, today Nifty Bank Index must move and sustain above 57525-57630 levels; if to do so, then it may try to test 57670-57880-57905-58180 levels. On the other hand, any weakness near 57525-57630 further, it moves below 57350-57250 then, the Index may re-visit 57145-57030-56955-56880-56725 levels. 

Sensex Index: Yesterday, Sensex opened on a positive note at 82794.79 on the opening move, it made a day low 82791.35 thereafter, it moved up made a high 83615.48 and closed on a positive note at 83467.66 with an intra gain 862.23 points, i.e., 1.04%, today Sensex must move and sustain above 83520-83615 levels; if to do so, then it may try to re-test 83730-83840-83950-84115 levels. On the other hand, any weakness near 83520-83615 further, it moves below 83405-83360 then, the Index may re-visit 83225-83080-82915-82805-82700 levels.

PUT/CALL Ratio: Over all Nifty Index Put and Call ratio for 16th Oct'25 stands at 1.38 with PUT open interest of 3902449 and CALL open interest of 2821963, when compared with previous day level of 1.21, 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 buyer, they bought on the net basis to the tune of Rs.997.29 Cr. On the other hand, DIIs continued as a net buyer they bought on the net basis to the tune of Rs.4076.20 Cr.

For the month of Oct'25, month to date FIIs/FPIs continued as a net seller, they sold Rs.895.74 Cr., on the net basis and DIIs continued as a net buyer they bought on the net basis to the tune of Rs.26517.84 Cr.

INDIA's Macro Data:-

On 01st Oct'25-Wednesday, the HSBC Manufacturing PMI data released for the month of Sep'25, it moved down to 57.70 from 59.30 i.e., Aug'25. Likewise, the HSBC Services PMI data for the month of Sep'25 released on 06th Oct'25-Monday, it moved up to 60.90 from 62.39 i.e., Aug'25.

The RBI MPC meet held on 01st Oct'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 Aug'25 released on 29th Sep'25-Monday, the Industrial production has come down to 4.00%; when compared to the Jul'25 level, i.e., 4.30%. 

Annual Inflation data for Sep'25 released on 13th Oct'25-Tuesday, the inflation has come down to 1.54% from Aug'25 level i.e., 2.07%.

WPI Inflation data for the month of Sep'25 released on 14th Oct'25-Tuesday, it has come down to 0.13%, as against the Aug'25 level i.e.,0.52%.

Unemployment Rate for the month of Sep'25 released on 15th Oct'25-Wednesday, the unemolyment rate has gone up to 5.20% as against the Aug'25 level i.e., 5.10% 

Wishing you for a safe, secured and profitable trading.

DISCLAIMER:

"Investment in securites market are subect to the market risk, and consult your investment adviser before investing". The writing in the above daily market update should be taken as an information based on the various data's provided by the respective authorities. I assert that any business or investment decisions should not be based purely on the information presented in the daily market update. As a NISM certified Research Analyst, I shall 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 above daily market update.