I. Market Overview & Global Cues
The Indian market closed with marginal losses yesterday (June 19, 2025), showing indecisiveness and profit booking. The Nifty formed a “doji” or “near-doji” candlestick, reflecting a cautious mood. Global markets offer mixed cues; while US markets were closed for Juneteenth yesterday, Asian markets are generally displaying slight declines this morning. The US Federal Reserve’s recent comments on interest rates and ongoing geopolitical tensions in the Middle East continue to influence sentiment.
II. GIFT Nifty Position
As of approximately 7:00 AM IST today, GIFT Nifty futures are trading around 24,790.00 – 24,800.50, up by about 30-40 points (24,757.00). This indicates a slightly positive to flat opening for the Indian market today.
III. Nifty 50 Support and Resistance Levels
- Resistance:
- Immediate: 24,900 – 25,000 (Highest Call writing at 25,000)
- Stronger: 25,080 – 25,200
- Support:
- Immediate: 24,700 – 24,790
- Stronger: 24,500 – 24,616 (Highest Put writing at 24,500)
- Deeper: 24,400
IV. Bank Nifty Support and Resistance Levels
- Resistance:
- Immediate: 56,000 – 56,026
- Stronger: 56,300 – 56,600 (Highest Call writing at 56,500)
- Support:
- Immediate: 55,500 – 55,577 (Highest Put writing at 55,500)
- Stronger: 55,000 – 55,129
V. FII and DII Data (as of June 19, 2025)
- FII (Foreign Institutional Investors):
- Equity Cash Segment: Net Sell of ₹597.59 Crores (FIIs returned to selling in the cash market after a day of buying).
- Derivatives (Index Futures):
- Buy Contracts: 17,848
- Sell Contracts: 17,514
- Net Position (Change in Open Interest): Net Long by 334 contracts (approx. ₹40.98 Crores) (Despite cash selling, FIIs made a small net addition to long positions in index futures, which is a mild positive.)
- Total Open Interest (Index Futures): 167,900 contracts (approx. ₹30,141.04 Crores)
- DII (Domestic Institutional Investors):
- Equity Cash Segment: Net Buy of ₹605.97 Crores (DIIs continued their strong buying, effectively offsetting FII selling in the cash market).
Summary of FII/DII Data: FIIs resumed their selling trend in the cash market yesterday, but their derivatives activity showed a slight net long addition in index futures. DIIs once again provided robust support to the market by being net buyers in the cash segment.
VI. News and Updates
- US Markets Resume: US stock and bond markets were closed yesterday for Juneteenth. Regular trading resumes today, and their performance will provide fresh cues.
- US Fed Outlook: The market is still digesting the US Federal Reserve’s decision to hold rates steady but project two rate cuts for 2025, alongside revised (higher) inflation and (lower) GDP forecasts.
- Geopolitical Tensions: The Israel-Iran conflict remains a persistent concern, contributing to market caution and potential volatility in crude oil prices.
- IPO/Listing News:
- Oswal Pumps IPO Listing: Oswal Pumps shares are set to list today (June 20) on BSE and NSE. Early indications suggest a decent listing premium.
- HDB Financial Services IPO: HDFC Bank’s NBFC arm, HDB Financial Services, is preparing for a large ₹12,500 crore IPO expected from June 25-27.
- Arisinfra Solutions IPO: The IPO is set to close today (Friday, June 20, 2025).
- Specific Stock News:
- Nestle India: Board to consider a potential bonus share issue on June 26. (Will be removed from Sensex on June 23, replaced by Trent and BEL).
- Jio Financial Services: Jio Payments Bank is now a wholly-owned subsidiary after acquiring remaining shares from SBI.
- Abbott India: Signed a strategic distribution pact with MSD Pharmaceuticals for oral anti-diabetes medicines in India.
- Zydus Lifesciences: USFDA inspection at its oncology injectable facility concluded with two observations, none related to data integrity.
- Ashoka Buildcon and HCL Tech: Secured major international contracts.
- Gallantt Ispat: Announced strategic move into real estate.
- F&O Ban: ABFRL, BSOFT, CHAMBLFERT, CDSL, HINDCOPPER, IEX, IREDA, MANAPPURAM, RBLBANK, TITAGARH are likely to remain in the F&O ban for today.
VII. Key Factors to Watch Today:
- FII Flows: Despite the small net long in index futures, FIIs returned to selling in the cash market. Their continued activity today will be closely monitored.
- Global Market Performance: The opening and performance of US markets today, as well as continued trends in Asian markets, will be crucial.
- Crude Oil Prices: Any significant movement in crude oil prices due to geopolitical developments could impact market sentiment.
- IPO Listings: Oswal Pumps listing will be watched for market appetite.
- Sectoral Performance: Observe for any shifts in sectoral leadership. Yesterday saw some resilience in auto stocks, but broader market weakness.
Disclaimer: This report is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.