Overall Market Sentiment: The Indian market is expected to open with a cautious to slightly positive bias, largely influenced by positive global cues and continued FII/DII buying in the cash market. However, FIIs’ net short position in index futures might cap significant upward momentum initially.
Global Cues:
- Asian Markets: Mostly positive. Nikkei 225 is up, and Hang Seng and Shanghai Composite show modest gains.
- European Markets (Previous Close): Mixed. FTSE 100 closed higher, while DAX and CAC 40 closed lower.
- US Futures: Trading flat to slightly positive in early hours, indicating a wait-and-watch approach after recent data.
GIFT Nifty Position (as of early morning, June 12, 2025 IST):
- GIFT Nifty Live Price: Around 25,230, up by approximately 35-40 points from its previous close.
- Implication: This suggests a marginally positive opening for the Nifty 50. Traders will closely monitor its movement closer to the Indian market open.
FII and DII Data (Cash Market – June 11, 2025):
- FIIs (Foreign Institutional Investors): Net Buyers: +₹1,890.55 Crores in the cash market. This marks another day of strong foreign inflows, signaling confidence.
- DIIs (Domestic Institutional Investors): Net Buyers: +₹876.10 Crores in the cash market. DIIs continue to provide consistent domestic support.
FII Long and Short Contracts (Index Futures – June 11, 2025):
- FII Index Futures Long Contracts (Buy): 18,210 contracts
- FII Index Futures Short Contracts (Sell): 20,530 contracts
- Net Position: FIIs are net short by 2,320 contracts in index futures.
- Long-Short Ratio: Approximately 0.887 (18,210 / 20,530).
- Implication: FIIs are still holding a net short position, indicating a cautious to mildly bearish stance in the derivatives segment. However, their net short position has reduced from the previous day’s -3,142 contracts, and the long-short ratio has improved slightly. This suggests some short covering or reduced bearish conviction.
Nifty 50 Support and Resistance Levels (for June 12, 2025):
- Previous Close (June 11, 2025): 25,188.75
- Key Support Levels:
- Immediate: 25,150 / 25,100
- Stronger: 25,050 / 24,950
- Key Resistance Levels:
- Immediate: 25,200 / 25,250
- Higher: 25,300 / 25,400
Bank Nifty Support and Resistance Levels:
- Previous Close (June 11, 2025): 57,002.40
- Key Support Levels:
- Immediate: 56,800 / 56,600
- Stronger: 56,400 / 56,200
- Key Resistance Levels:
- Immediate: 57,100 / 57,250
- Higher: 57,500 / 57,700
News & Updates:
- Retail Inflation: India’s CPI (retail inflation) for May 2025 came in at 3.85%, slightly lower than expectations and within the RBI’s comfort zone. This could further solidify expectations for continued accommodative monetary policy.
- Industrial Production (IIP): India’s Industrial Production (IIP) for April 2025 rose by 5.0%, showing continued momentum in industrial activity.
- Corporate News:
- Tata Motors: Shares are likely to be in focus after JLR announced robust retail sales growth for May 2025.
- Cipla: Announced the launch of a new product for respiratory disease management in India.
- PNB Housing Finance: Board meeting today to consider fundraising.
- Adani Green Energy: Set to raise $750 million through green bonds, signaling strong investor confidence.
- Cement Sector: Prices remained stable or saw minor increases in early June, providing some relief to companies.
- Global Macro Data: Investors will be watching for US inflation data (CPI) later today, which could influence global market sentiment and Fed rate expectations.
- Sector Watch: The IT sector could see continued interest given global tech momentum, while banking and auto sectors will also be in focus.