15.04.2025-Tuesday, 08.55 am

Good Morning all... 

What has happened on Friday? Nifty Index, opened on a positive note at 22695.40, our expected opening band 22500-22575-22650, on the opening move it made a day low 22695.40 further it moved up; made a day high 22923.90 and closed on a positive note at 22828.55 with intra loss 429.40 points, i.e., 1.92%.

What will happen today? 

Nifty Index: Today, we expect the Nifty may open near 22880-22920-22940 levels; if open, trade and sustain above 22940 then, the index may re-test 22985-23005-23085-23125-23165-23205-23245-23275-23310-23350 levels. On the other hand, the immediate support lies at 22855-22810 if, the Index moves below 22810 then, it may try to re-visit 22780-22750-22720-22695-22640-22605-22570-22545 levels.

Special Mention: On Friday, Nifty Index unable to continue the sell-off, the pull back rally lifted the index till 22923.90 and  closed above our threshold support levels i.e., 22805. Today, the Nifty index must trade, sustain and closes above 22880-22940-23060; it may continue the pull back rally to re-test 23150-23245-23350-23415 levels. On the other hand, the immediate support seen at 22760-22635-22545, further weakness below 22545 then, the Index may try to re-visit 22355-22120-21935-21745 levels in the near term. Let see how the Index opens today near 22880-22920-22940 levels.

Nifty Bank Index: On Friday, Nifty Bank Index opened on a negative note at 50634.10 on the opening move, it made a low 50634.10 thereafter, it moved up, made a high 51244.70 and closed on a positive note at 51002.35 with an intra gain 762.20 points, i.e., 1.52%, today Nifty Bank Index must move and sustain above 51440-51730-51895 levels; if to do so, then it may try to re-test 52060-52250-52445-52650-52855 levels. On the other hand, any weakness near 51440-51730-51895 further, it moves below 51245-51055 then, the Index may re-visit 50940-50865-50630-50470-50265-50000-49800 levels. 

Sensex Index: On Friday, Sensex opened on a negative note at 74835.49 on the opening move, it made a day low 74762.84; thereafter, it moved up made a gain 75467.33 and closed on a positive note at 75157.26 with an intra gain 1310.11 points, i.e., 1.77%, today Sensex must move and sustain above 75465-75660-75860 levels; if to do so, then it may try to re-test 76080-76270-76485-76680-77175 levels. On the other hand, any weakness near 75465-75660-75860 further, it moves below 74925-74760 then, the Index may re-visit 74570-74280-74100-73925-73685-73445 levels.

FII's & DII's Funds Flow: On Friday, FIIs, continued as a net seller, they sold on the net basis to the tune of Rs.2519.03 Cr. On the other hand, DIIs continued as a net buyer, they bought on the net basis to the tune of Rs.3759.27 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 Feb'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 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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