25.04.2025-Friday, 08.55 am

Good Morning all... 

What has happened yesterday? Nifty Index, opened on a negative note at 24277.90, our expected opening band 24345-24280-24230, on the opening move it made a day high 24347.85 further it moved down; made a day low 24216.15 and closed on a negative note at 24246.70 with intra loss 82.25 points, i.e., -0.34%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 24275-24310-24350 levels; if open, trade and sustain above 24350 then, the index may re-test 24385-24425-24460-24500-24545-24590-24635 levels. On the other hand, the immediate support lies at 24225-24180 if, the Index moves below 24180 then, it may try to re-visit 24160-24120-24055-24020-23970-23930-23870 levels.

Special Mention: Yesterday, Nifty Index unable to continue the pull back rally beyond our threshold resistance levels i.e., 24350, also not broken the previous day low, made an inside day pattern i.e., not broken the previous day and low levels and closed above our threshold support levels i.e.,24150. Today, the Nifty index must trade, sustain and closes above 24350-24445; it may continue the pull back rally to re-test 24545-24855-24950 levels. On the other hand, the immediate support seen at 24120-23870-23600, further weakness below 23600 then, the Index may try to re-visit 23490-23270 levels in the near term. Let see how the Index opens today near 24275-24310-24350 levels.

Nifty Bank Index: Yesterday, Nifty Bank Index opened on a negative note at 55103.90 on the opening move, it made a high 55550.45 thereafter, it moved down, made a low 55088.40 and closed on a negative note at 55201.40 with an intra loss 168.65 points, i.e., -0.30%, today Nifty Bank Index must move and sustain above 55265-55400 levels; if to do so, then it may try to test 55540-55680-55795-55935-56100-56235-56370 levels. On the other hand, any weakness near 55265-55400 further, it moves below 55090-54960 then, the Index may re-visit 54900-54845-54675-54530-54405-54285 levels. 

Sensex Index: Yesterday, Sensex opened on a negative note at 80058.43 on the opening move, it made a day high 80173.91; thereafter, it moved down and made a low 79724.55 and closed on a negative note at 79801.43 with an intra loss 315.06 points, i.e., -0.39%, today Sensex must move and sustain above 79880-80040 levels; if to do so, then it may try to re-test 80175-80255-80295-80400-80570-80720-80870-81075 levels. On the other hand, any weakness near 79880-80040 further, it moves below 79725-79600 then, the Index may re-visit 79435-79285-79135-78965-78845-78795 levels.

FII's & DII's Funds Flow: Yesterday, FIIs, continued as a net buyer, they bought on the net basis to the tune of Rs.8250.53 Cr. On the other hand, DIIs continued as a net seller they sold on the net basis to the tune of Rs.534.54 Cr. 

INDIA's Macro Data:-

On 02nd Apr'25-Wednesday, the HSBC Manufacturing PMI data for the month of Mar'25 released, it moved up to 58.10 from 56.30 i.e., Feb'25. Likewise, the HSBC Services PMI data for the month of Mar'25 released on 05th Apr'25-Friday, it moved down to 58.50 from 59.00 i.e., Feb'25.

The RBI MPC meet held on 09th Apr'25-Wednesday, the MPC has reduced the Repo rate to 6.00% from the existing rate of 6.25% and it has maintained the CRR-Cash Reserve Ratio at 4%. 

GDP data for the Q3 ending Dec'24 released on 28th Feb'25-Friday, the GDP has moved up to 6.20% Vs.5.60% (Q2-Sep'24).

IIP data for Feb'25 released on 11th Apr'25-Friday, the Industrial production has come down to 2.90%; when compared to the Jan'25 level, i.e., 5.20%. 

Annual Inflation data for Mar'25 released on 15th Apr'25-Tuesday, the inflation has come down to 3.34% from Feb'25 level i.e., 3.61%.

WPI Inflation data for the month of Mar'25 released on 15th Apr'25-Tuesday, it has come down to 2.05% as against the Feb'25 level i.e.,2.38%.

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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