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I. Market Overview & Global Cues
The Indian market staged a strong rally on Friday (June 20, 2025), with Nifty surging over 300 points to close above the 25,000 mark. This broad-based buying, led by financial heavyweights and certain large caps, indicates a potential shift in momentum after a period of indecisiveness. Global cues this morning are mixed. While US markets were closed on Friday, Asian markets are generally showing slight declines. The focus remains on geopolitical developments and central bank policies.
II. GIFT Nifty Position
As of approximately 6:55 AM IST today, GIFT Nifty futures are trading around 24,992.0-25000, suggesting a negative opening for the Indian market.
III. Nifty 50 Support and Resistance Levels
- Resistance:
- Immediate: 25,150 – 25,200
- Stronger: 25,289 – 25,399
- Crucial Hurdle: 25,500 – 25,700 (Highest Call writing at 25,500 for the weekly expiry)
- Support:
- Immediate: 24,936 – 25,000 (Highest Put writing for weekly expiry around 25,000)
- Stronger: 24,826 – 24,800
- Crucial: 24,500 – 24,450
IV. Bank Nifty Support and Resistance Levels
- Resistance:
- Immediate: 56,500 – 56,701
- Stronger: 56,979 – 57,000
- Crucial: 57,500
- Support:
- Immediate: 55,804 – 56,000 (Highest Put writing for weekly expiry around 56,000)
- Stronger: 55,527 – 55,000
V. FII and DII Data (as of June 20, 2025)
- FII (Foreign Institutional Investors):
- Equity Cash Segment: Net Buy of ₹2,040.00 Crores (A significant positive shift, showing renewed buying interest from FIIs, reversing previous selling trends).
- Derivatives (Index Futures):
- Buy Contracts: 18,413
- Sell Contracts: 16,240
- Net Position (Change in Open Interest): Net Long by 2,173 contracts (approx. ₹426.18 Crores) (FIIs significantly increased their net long positions in Index Futures, indicating bullishness).
- Total Open Interest (Index Futures): 175,337 contracts (approx. ₹31,391.70 Crores)
- DII (Domestic Institutional Investors):
- Equity Cash Segment: Net Sell of ₹3,049.88 Crores (DIIs turned net sellers, likely engaging in profit booking after the market rally and continuous buying in previous sessions).
Summary of FII/DII Data: Friday witnessed a notable change in FII behavior, with them turning strong net buyers in the cash segment and significantly increasing their net long positions in Index Futures. DIIs, on the other hand, booked profits. This FII buying support is a key positive for today’s market.
VI. June Month OI Contact Put and Call (Based on June 20, 2025 end-of-day data for June 26, 2025 expiry)
- Nifty 50 – June 2025 Expiry (Weekly – Expiring June 26, 2025):
- Highest Call Open Interest (Resistance): 25,000 and 25,200 strike prices. A significant build-up indicates strong resistance at these levels.
- Highest Put Open Interest (Support): 25,000 and 24,800 strike prices. This suggests strong support around Friday’s closing levels. The shift of highest Put OI to 25,000 indicates market participants expect Nifty to hold this level.
- Bank Nifty – June 2025 Expiry (Weekly – Expiring June 26, 2025):
- Highest Call Open Interest (Resistance): 56,500 and 57,000 strike prices. These are key hurdles for the index.
- Highest Put Open Interest (Support): 56,000 and 55,500 strike prices. These levels are expected to provide strong downside protection.
Interpretation: The option chain data reflects the strong upward movement on Friday, with Call writers shifting to higher strikes and Put writers providing strong support at Friday’s closing levels.
VII. News and Updates
- Geopolitical Tensions: Markets will continue to monitor the Israel-Iran conflict. Reports suggest US intervention might increase risks for India’s export-import, and currency/bond markets could feel ripple effects.
- RBI’s Stance: The RBI’s recent decision to keep rates unchanged and focus on inflation (despite WPI softening) will continue to be a factor.
- IPO/Listing Buzz:
- HDB Financial Services IPO: HDFC Bank’s NBFC arm’s large IPO (₹12,500 crore expected from June 25-27) will draw significant attention.
- Busy IPO Week: This week is expected to be the busiest IPO week of 2025, with around 17 companies launching IPOs.
- Sectoral Rotation: On Friday, financials led the charge, with HDFC Bank, ICICI Bank, and Reliance Industries contributing significantly. PSU banks and realty also performed well. IT was an outlier with some weakness.
- Specific Stock News:
- Nestle India: Board to consider a potential bonus issue on June 26.
- Trent & BEL: Set to replace Nestle India in the Sensex on June 23, potentially leading to passive fund flows.
- HG Infra Engineering: Received an LoI from PFC Consulting for an inter-state transmission system.
- Servotech Renewable Power: Acquired a 27% stake in Rhine Solar.
- Bharat Electronics (BEL): Secured additional orders worth ₹585 crore.
- Adani Ports and SEZ: Arm Adani Logistics entered a JV termination agreement to sell a 49% stake in Veracity, now a wholly-owned subsidiary of Adani Logistics (holding 1%).
- Ex-Dividend Today: Dalmia Bharat, Dynamic Cables, GNA Axles, Hindustan Unilever, Kalpataru Projects, Samvardhan Motherson International, Motherson Sumi Wiring, Kansai Nerolac Paints.
- Ex-Bonus Issue Today: V-Mart Retail (3:1).
- Muthoot Finance: Board meeting today to consider raising funds via NCDs.
- F&O Ban: ABFRL, BSOFT, CHAMBLFERT, CDSL, HINDCOPPER, IEX, IREDA, MANAPPURAM, RBLBANK, TITAGARH are likely to remain in the F&O ban for today.
VIII. Key Factors to Watch Today:
- Sustained FII Buying: The continuation of positive FII cash flows and their net long stance in futures will be paramount.
- Global Market Openings: How European and US markets trade today will set the tone for the latter half of the session.
- Crude Oil Prices: Any sharp movement in crude oil due to geopolitical tensions could impact market sentiment.
- IPO Momentum: The initial performance of new listings and the general appetite for primary markets.
- Sectoral Performance: Whether the rally broadens beyond financials and large caps, and if the IT sector sees a rebound.
Disclaimer: This report is for informational purposes only and does not co