. Global Market Cues:
- Positive Sentiment: Major global indices are showing positive trends, indicating a favorable environment for Indian markets.
- US Markets: S&P 500 CFD opened up by 0.96%, Nasdaq CFD index gained by 0.94%.
- European Markets: DAX up by 1.9%, CAC increased by 1.23%.
- Asian Markets: SET Composite rose by 3.38%, KOSPI index up by 2.87%, Nikkei 225 is also positive.
- Crude Oil: Crude oil prices are trading higher.
2. GIFT Nifty Position:
- GIFT Nifty (formerly SGX Nifty) is indicating a positive opening for the Indian market.
- As of 09:59 AM IST, GIFT Nifty is trading at 25,203.50, up by 50 points (+0.20%) from its previous close. This suggests a gap-up opening for Nifty 50.
3. FII DII Last Day Data (June 24, 2025):
- FII (Foreign Institutional Investors): Net Buyers with a net amount of ₹4,303.08 Cr. They bought ₹13,936.34 Cr and sold ₹9,633.26 Cr.
- DII (Domestic Institutional Investors): Net Sellers with a net amount of ₹-2,973.24 Cr. They bought ₹13,083.57 Cr and sold ₹16,056.81 Cr.
4. FII Long & Short Contracts (Index Futures):
- As of June 24, 2025, FIIs’ net position in Index Futures shows net shorts of ₹5,266.01 Cr (Sell Value: ₹18,894.09 Cr, Buy Value: ₹13,628.08 Cr).
- Looking at the FII Derivatives Statistics from a different source for June 24, 2025:
- Index Futures: Buy Amount (Rs. Cr) 12,647, Sell Amount (Rs. Cr) 14,104, Open Interest (Rs. Cr) 37,554. This indicates they were net sellers in index futures yesterday.
5. Nifty June Month OI Data (Put and Call):
- Nifty 50 (June 26 expiry):
- Maximum Call Open Interest (OI): 25,200. This strike price acts as immediate resistance.
- Maximum Put Open Interest (OI): 25,000. This strike price acts as strong support.
- The options data suggests a trading range between 24,600 and 25,500 for the current expiry.
6. Nifty Support and Resistance Levels (Today):
- Nifty 50 (Previous Close: 25,044.35):
- Immediate Resistance: 25,100, followed by 25,200 and 25,300.
- Key Support: 24,800. A heavy Put writing at 24,800 indicates strong support there. If Nifty breaks below 24,800, a deeper correction could be seen.
- Bank Nifty (Previous Close: 56,461.90):
- Currently in a consolidation phase between 56,300 and 56,700.
- Significant Support: 56,300.
- Resistance: 56,700. A breakout above 56,700 could indicate a bullish movement.
7. India VIX:
- India VIX closed at 13.64 on June 24, 2025, down by 0.4050 (-2.88%).
- A value below 15 suggests low volatility and market stability. The current VIX level signals growing investor confidence.
8. News and Updates:
- HDB Financial Services IPO: HDFC Bank’s subsidiary, HDB Financial Services, plans to raise ₹12,500 crore through a fresh equity issue and offer for sale. The IPO opened today, with a reported GMP of 10%.
- NSE Settlement: National Stock Exchange (NSE) has offered ₹1,400 crore to SEBI to settle long-pending co-location and dark fibre cases. This is the largest settlement amount offered to date.
- Geopolitical Tensions: Initial market gains yesterday were pared due to renewed Israel-Iran conflict concerns, though Asian markets today are trading in green taking cues from easing geopolitical tensions in the Middle East.
- Sector-Specific News:
- Defence stocks fell over 2% yesterday due to easing geopolitical tensions.
- Zee Entertainment shares dropped 2% on profit booking.
- KPIT Tech shares declined 5% amid an uncertain environment.
- Indian PSU banking sector is showing early signs of a secular turnaround.
- Adani Ports is set to break records with its capital investment plans.
- LIC MF predicts technology may outperform the financial sector in 2H2025.
- Rupee: Rupee is expected to trade in the range of 85.50 and 86.25 today. It closed stronger yesterday amid a fall in oil prices.
Overall Outlook:
The Indian market is poised for a positive opening today, largely driven by favorable global cues and a strong closing for FIIs yesterday. However, Nifty’s struggle to sustain above 25,200 despite breaking it yesterday, and the strong call writing at that level, indicates resistance at higher levels. Traders should watch the 24,800 support level closely.
Disclaimer: This report is based on available information and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.