01.04.2025-Tuesday, 08.50 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a positive note at 23600.40, our expected opening band 23615-23570-23535, on the opening move it made a day high 23649.20, further it moved down; made a day low 23450.20 and closed on a negative note at 23519.35 with intra gain 72.60 points, i.e., -0.31%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 23495-23450-23415 levels; if open, trade and sustain above 23495 then, the index may re-test 23520-23550-23580-23610-23650-23690-23725 levels. On the other hand, the immediate support lies at 23395-23345 if, the Index moves below 23345 then, it may try to re-visit 23305-23275-23225-23180-23140-23095 levels.

Special Mention: On Friday, Nifty Index continued the consolidation move, not broken the threshold support levels i.e, 23405 and closed below 23600 levels. Today, the Nifty index must trade, sustain and closes above 23650-23805-23870; it may continue the pull back rally to re-test 24010-24120-24240 levels. On the other hand, the immediate support seen at 23405-23310, further weakness below 23310 then, the Index may try to re-visit 23175-23090-22910 levels in the near term. Let see how the Index opens today near 23495-23450-23415 levels. 

Nifty Bank Index: On Friday, Nifty Bank Index opened on a positive note at 51608.40 on the opening move, it made a low 51335.35 thereafter, it moved up, made a high 51839.10 and closed on a negative note at 51564.85 with an intra loss 11 points, i.e., -0.02%, today Nifty Bank Index must move and sustain above 51585-51690 levels; if to do so, then it may try to re-test 51840-51975-52065-52190-52320-52490-52565 levels. On the other hand, any weakness near 51585-51690 further, it moves below 51525-51450 then, the Index may re-visit 51335-51205-51130-51050-50960-50870-50785-50590 levels. 

Sensex Index: On Friday, Sensex opened on a positive note at 77690.69 on the opening move, it made a day high 77766.70; thereafter, it moved down and made a low 77185.62 and closed on a negative note at 77414.92 with an intra gain 191.51 points, i.e., -0.25%, today Sensex must move and sustain above 77475-77595 levels; if to do so, then it may try to re-test 77705-77765-77900-78055-78155-78300-78430-78585-78740 levels. On the other hand, any weakness near 77475-77595 further, it moves below 77320-77185 then, the Index may re-visit 77025-76900-76775-76625-76475 levels.

FII's & DII's Funds Flow: On Friday, FIIs, turned as a net seller, they sold on the net basis to the tune of Rs.4352.82 Cr. On the other hand, DIIs turned as a net buyer, they bought on the net basis to the tune of Rs.7646.49 Cr. 

INDIA's Macro Data:-

On 03rd Mar'25-Monday, the HSBC Manufacturing PMI data for the month of Feb'25 released, it moved down to 56.30 from 57.70 i.e., Jan'25. Likewise, the HSBC Services PMI data for the month of Feb'25 released on 05th Mar'25-Wednesday, it moved up to 59.00 from 56.50 i.e., Jan'25.

The RBI MPC meet held on 07th Feb'25-Friday, the MPC has reduced the Repo rate to 6.25% from the existing rate of 6.50% 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 Jan'25 released on 12th Mar'25-Wednesday, the Industrial production has gone up to 5%; when compared to the Dec'24 level, i.e., 3.50%. 

Annual Inflation data for Feb'25 released on 12th Mar'25-Wednesday, the inflation has come down to 3.61% from Jan'25 level i.e., 4.26%.

WPI Inflation data for the month of Feb'25 released on 17th Mar'25-Monday, it has gone up to 2.38% as against the Jan'25 level i.e.,2.31%.

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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