Good morning! pre-market report for the Indian market for Monday, June 16, 2025:
I. Market Overview & Global Cues
The Indian market ended lower on Friday, marking a second consecutive session of losses, primarily due to rising geopolitical tensions between Israel and Iran, which also led to a spike in crude oil prices. Global markets also reacted negatively to these developments, with US indices (Dow Jones, Nasdaq, S&P 500) closing significantly lower on Friday. Asian markets are also largely in the red this morning.
II. GIFT Nifty Position
As of 6:45 AM IST on June 16, 2025, GIFT Nifty was trading at 24,778.50, up by 29 points (0.12%). This indicates a potentially higher opening for the Indian market today, despite the negative global cues from Friday’s closing.
III. Nifty 50 Support and Resistance Levels
- Resistance:
- Immediate: 24,700 – 24,850
- Stronger: 24,895 – 25,100
- Major Hurdle: 25,000 – 25,200
- Support:
- Immediate: 24,500 – 24,542
- Stronger: 24,300 – 24,432
- Deeper: 23,900
IV. Bank Nifty Support and Resistance Levels
- Resistance:
- Immediate: 55,500 – 56,000
- Stronger: 56,100 – 56,296
- Crucial: 57,000 – 57,050
- Support:
- Immediate: 55,000 – 55,100
- Stronger: 54,759 – 54,800
- Crucial: 54,500 – 54,000
V. FII and DII Data (as of June 13, 2025)
- FII (Foreign Institutional Investors):
- Equity Cash Segment: Net Sell of ₹1,263.52 Crores
- Derivatives (Index Futures): Net Sell of ₹776.1 Crores (on June 12, 2025)
- Derivatives (Index Options): Net Sell of ₹1,429 Crores (on June 12, 2025)
- Weekly Changes in Index Futures (as of June 13): FIIs have added 10K short Index Futures and liquidated 1K long Index Futures.
- DII (Domestic Institutional Investors):
- Equity Cash Segment: Net Buy of ₹3,041.44 Crores
Summary of FII/DII Data: FIIs were net sellers in both cash and derivatives segments on the last trading day, indicating a cautious stance. DIIs, on the other hand, continued to provide support by being net buyers in the cash segment.
VI. News and Updates
- Geopolitical Tensions: The Israel-Iran conflict continues to be a major factor influencing global market sentiment and crude oil prices. This ongoing tension is likely to keep markets volatile.
- US PPI Data: Weaker than expected US Producer Price Index (PPI) at 0.1% (versus 0.2% expected) has increased expectations of potential rate cuts by the US Federal Reserve. This could provide some positive sentiment.
- Earnings Calendar: BELRISE and RAMRATNA will announce their Q4FY25 earnings today. ORISSAMINE will announce on June 17, 2025.
- Securities in F&O Ban: ABFRL, BSOFT, CHAMBLFERT, CDSL, HINDCOPPER, IEX, IREDA, MANAPPURAM, RBLBANK, TITAGARH are in the F&O ban for today.
- Economic Calendar (Today):
- China Industrial Production y/y (Expected: 5.9% vs Previous: 6.1%)
- China Retail Sales y/y (Expected: 4.8% vs Previous: 5.1%)
- India WPI Inflation YoY (Expected: 0.80% vs Previous: 0.85%)
- U.S. Empire State Manufacturing Index (Expected: -7.2 vs Previous: -9.2)
- Analyst Recommendations: Several analysts are advising a cautious “wait and watch” approach due to geopolitical uncertainties. Some suggest a “buy-on-dips” strategy as long as Nifty holds above 24,500. Tech Mahindra is a recommended buy.
VII. Key Factors to Watch Today:
- Global Market Performance: The opening and performance of other Asian markets, and how US futures trade throughout the day, will be crucial.
- Crude Oil Prices: Any further escalation in the Middle East could lead to higher crude oil prices, negatively impacting the Indian market.
- FII Flows: Continued selling by FIIs could exert downward pressure.
- Domestic Cues: Indian WPI Inflation data and corporate earnings will be closely watched.
Disclaimer: This report is for informational purposes only and not investment advice. Please consult with a financial advisor before making any investment decisions