# GIFT Nifty 🇮🇳: (+65, 24618)

# Nifty plunged 1.78% lower in last week’s trade as sentiments remained depressed.

Nifty now trades way below its 21 DMA (24709), 50 DMA (24998) and 100 DMA (24687) and most importantly, well below the psychological 25000 mark.

# Catching headlines this Monday morning are :

1) PM Modi meets President Xi Jinping. (This was PM Modi’s first visit to China in seven years, coming amid rising tensions with the U.S. over tariffs and India’s balancing of relations with Moscow and Washington.)

2) Indian Rupee tumbles to new low at 88.31 per dollar following the 50 per cent tariff imposed by the United States on Indian goods.

3) Mukesh Ambani-led Reliance Industries is planning to list India’s largest mobile network and digital arm Jio Platforms public by mid-20263. (This will be one of India’s most anticipated listings).

4) India’s economy grows at faster-than-expected 7.8% in the June quarter. (The string GDP growth rate was boosted by the manufacturing, construction and service sectors. Annual manufacturing and services growth were at 7.7% and 9.3%, respectively, with the construction sector expanding by 7.6%. Also helping were lower than expected inflation, better than expected corporate earnings.)

5) There is a bright chance that RBI may cut rates once again in the second half of the year if India’s growth slows down if there is any adverse impact of US tariff’s. (Please note, on June 6th, RBI had cut policy rate to 5.5%, lowering it by 50 basis point. While the central bank maintained the status quo in its August policy).

6) The US July PCE Inflation is seen creeping up clouding the Fed’s rate outlook.

7) Persistent FIIs selling: Last week, the FIIs have net sold to the tune of Rs. 21152 Cr.

# Long Story Short: Initiating aggressive long positions at Dalal Street will be just like building a skyscraper on top of quicksand.

Caution shall continue to be the buzzword for perma-bulls camp.

# Bulls hope now turn towards the 2-big catalysts of this week:

1) India’s Goods and Services Tax (GST) Council is scheduled to meet on September 3 and 4 to discuss reducing tax rates on various goods and services.

2) Wall Street bulls will be hoping for a September rate cut.

But, we suspect, the Federal Reserve will look at the incoming data points before slashing the rate on September 17th.

# The incoming data which we would like to spy with one big eye: The US Jobs report to be wired on Friday, September 5th.

# STOCKS IN SPOTLIGHT:

1) Shares of BSE (-3.77%), Angel One (-2.20%) and Nuvama (-2.52%) and other capital market-related firms tanked in Friday’s trade as the negative theme revolves around Sebi hinting at longer F&O tenors.

2) Infosys slipped 2.07% in Friday’s trade even after the company announced a strategic collaboration with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities.

3) Indus Towers gained 0.8% in Friday’s trade after the company announced the appointment of Vineet Jain as the chief supply chain management officer (CSCMO) of the company, effective 3 September 2025.

4) Vodafone Idea shares ended on a jittery note in Friday’s trade, down 1.22% towards Rs. 6.49 after Centre recently ruled out further AGR relief.

5) CG Power and Industrial Solutions (+4.56%) jumped in Friday’s trade after the firm’s subsidiary, CG Semi has launched its first outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat, to offer solutions for packaging technologies.

# Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (24427): Sell between 24550-24600 zone. Stop at 24991. Targets 24336/24250. Aggressive targets at 24000-24100 zone.

Bank Nifty (53656): Sell between 53900-54100 zone. Stop at 54951. Targets 53411/53000. Aggressive targets at 52650-52896 zone.

# Our chart of the day is bullish on WAAREE ENERGIES, UPL and NYKAA on any early excessive intraday weakness with an interweek/Intermonth perspective.

# The 1 Stock to Sell Right Now: Sell VODAFONE IDEA (CMP 6.49): The technical landscape of Vodafone Idea looks very ugly as is signaling a massive breakdown on the long term charts. The biggest negative catalyst for the company is that the Centre recently  ruled out further AGR relief. Simply sell at CMP, and on strength between 7.15-7.30 zone, targeting 5.60/4.50 mark and then at its all-time-low at 2.40 mark. Stop above 8.75. Holding Period: 1-3 Months.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

Nifty slumps amidst selling in IT stocks and as uncertainty over the India-US trade seal also weighed on investors sentiment.

Nifty (-191, 25164)
Sensex (-667, 82523)
Bank Nifty (-292, 56664)

Nifty (CMP: 25164)

SUPPORT: 25000/24297
RESISTANCE: 25443/25670
TRADING RANGE (25100-24300)

SECTOR GAINER:

Nifty FMCG (+0.88%)
NIFTY PHARMA (+0.65%)

SECTOR LOSER:

NIFTY IT (-1.78%)
NIFTY MEDIA (-1.43%)
NIFTY AUTO (-1.36%)

Top Index Gainers:
HUL (+4.69%)
SBI LIFE (0.97%)
NESTLE (0.78%)
AXIS BANK (+0.58%)
SUN PHARMA (0.52%)

Top Index Losers:
TCS (-2.85%)
M&M (-2.44%)
APOLLO HOSPITAL (-2.43%)
WIPRO (-2.32%)
BHARTI AIRTEL (-2.22%)

KEY THEMES FOR THE DAY:

TCS stock price plummets 3.09% after its June quarter earnings fail to enthuse investors.

Nifty bulls also receiving fresh drubbing amidst:

1) Trump tariff uncertainties’
2) Hawkish remarks from the Fed’s Musalem.

Gold prices ($3333 per ounce) was seen consolidating with positive bias on the backdrop of a tempered Federal Reserve dovish outlook offset concerns over renewed trade tensions.

3) Our call of the day suggests that tariff volatility is back on the front pages and the negative takeaway is that there is no end in sight for tariff uncertainties.

4) India VIX drops towards 11.87 levels.

3) Bank Nifty (-0.53%) drifts lower, indicating desired unwind of long positions amidst overbought technical conditions.

Bank Nifty’s fresh all-time-high is at 57628.40 mark.

4) Nifty’s biggest support is placed at 25000 mark. Confirmation of strength only above 25670 mark.

12:30 PM GLOBAL UPDATE:

Dow Futures: (-148, 44503)
Nasdaq 100 Futures (-43, 22788)

Nikkei (-153, 39485)
Hang Seng (+306, 24334)

Dollar Index (+0.14%, 97.79)
WTI OIL (+0.72%, 67.03)
Gold (+013, 3337)

Securities in Ban for Trade Date: Friday, July 11th 2025
RBL BANK
HIND COPPER

STOCKS IN SPOTLIGHT:

1) Glenmark Pharma (+13.5%) soars on AbbVie licensing deal for cancer therapy ISB 2001.

Glenmark Pharmaceuticals’ subsidiary Ichnos Glenmark Innovation (IGI) unveiled a global commercialization strategy for its lead investigational oncology asset, ISB 2001.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

🇮🇳 🇮🇳 🙏🏻

GIFT Nifty 🇮🇳: (-122, 25282)

TCS Q1FY26 was above street expectation but we suspect is unlikely to move the needle in favor of IT stocks.

TCS Q1 profit was up 6%. The company has blamed ‘geo-political uncertainties which has caused demand contraction’

Our call of the day suggests IT stocks can witness massive rebound only if the Federal Reserve turns ultra-dovish.

Traders will now eye Q1 results of IT stocks like:
14th July: HCL Tech
16th July: LTTS, Tech Mahindra
17th July: LTIM
23rd July: Infosys

Nifty bulls are likely to receive fresh drubbing also amidst:

1) Trump tariff uncertainties’
2) Hawkish remarks from the Fed’s Musalem.

Technically, confirmation of strength only above Nifty 25670 mark.

Now, the 3-positive catalysts:

1) WTI crude oil futures fell 2% to below $67 per barrel as traders digested news that OPEC+ may pause planned output hikes starting in October.

2) In yesterday’s trade, FIIs turned out to be net buyers to the tune of Rupees 221 crores while DII were net buyers to the tune of Rupees 591 crores.

3) India VIX, the fear index has slumped towards 11.67 levels.

The Gyan Mantra: Stay nimble as there could be some “whipsaw” in the near term.

Amongst stock specific action:

1) Emcure Pharmaceuticals (+1.98%) advanced after the U.S. Food and Drug Administration (USFDA) conducted a pre-approval inspection (PAI) at its manufacturing facility (Oncology) located at G.I.D.C., Sanand, Ahmedabad, Gujarat.

2) HDFC AMC (+1.28%) and NAM India (+1.8%) on reports that the net inflow into equity mutual funds surged 24% to Rs 23,587 crore in June, reversing the declining trend of the last five months

Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25355): Sell at CMP. Stop at 25771. Targets 25221/25000. Aggressive targets at 24700-24900 zone.

Bank Nifty (56956): Sell at CMP. Stop at 58151. Targets 56500/56100. Aggressive targets at 55000-55300 zone.

Our chart of the day is bullish on HDFC AMC, MARUTI and M&M on any early excessive intraday weakness with an interweek perspective.

The 1 Stock to Buy Now: Buy HDFC AMC (CMP 5208): Buy at CMP. Stop at 4951. Targets 5279/5369. Aggressive targets at 5501. (Interweek Strategy). Likely to enjoy strong session as long as 4983 support is held. Massive breakout play on the daily charts is quite likely as the recent sequence of higher high/low is intact on time-frames. Confirmation of strength only above 5279.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

🇮🇳 🇮🇳 🙏🏻

Nifty is seen treading water as bulls seen unimpressed by strong overnight gains at Wall Street in overnight trade.

Nifty (-93, 25383)
Sensex (-301, 83235)
Bank Nifty (-68, 57148)

Nifty (CMP: 25383)

SUPPORT: 25221/25001
RESISTANCE: 25670/26277
TRADING RANGE (25300-24550)

SECTOR GAINER:

Nifty RETAIL (+0.38%)

SECTOR LOSER:

NIFTY PHARMA (-0.93%)
NIFTY IT (-0.83%)
NIFTY INFRA (-0.49%)

Top Index Gainers:
MARUTI (+0.71%)
INDUSIND BANK (+0.68%)
ULTRATECH CEMENT (+0.62%)
JIO FINANCIAL (+0.55%)
AXIS BANK (+0.51%)

Top Index Losers:
BHARTI AIRTEL (-1.69%)
TECH MAHINDRA (-1.32%)
CIPLA (-1.19%)
COAL INDIA (-1.18%)
SUN PHARMA (-1.13%)

KEY THEMES FOR THE DAY:

1) A little bit feeling of anxiousness and nervousness seen ahead of news of US-India tariff deal.

2) Stock markets across the globe are trading with caution after US President Donald Trump insisted on the bulk of US trading partners will actually kick in on August 1.

3) Our call of the day suggests that tariff volatility is likely to keep investors on the sidelines and the negative takeaway is that there is no end in sight for tariff uncertainties.

4) India VIX trades sluggish near the 12.10 levels.

5) Bank Nifty (-0.09%) inches a tad lower, indicating desired consolidation to be the preferred theme for the day.

Bank Nifty’s fresh all-time-high is at 57628.40 mark.

6) Nifty’s biggest support is placed at 25221 mark. Confirmation of strength only above 25670 mark.

7) ‘Fed Minutes from the June 17-18 FOMC Meeting Minutes point to lower inflation ahead’

8) TCS officially sets afire the ceremonial starters pistol for Q1 earning season on July 10th after market hours. TCS press conference is likely at 5:30 pm

TCS officially sets afire the ceremonial starters pistol for Q1 earning season on July 10th after market hours.

TCS press conference is likely at 5:30 pm

11:30 AM GLOBAL UPDATE:

Dow Futures: (-87, 44373)
Nasdaq 100 Futures (-53, 22812)

Nikkei (-285, 39545)
Hang Seng (+81, 23972)

Dollar Index (+0.11%, 97.37)
WTI OIL (-0.03%, 68.36)
Gold (+9, 3322)

Securities in Ban for Trade Date: Thursday, July 10th 2025
RBL BANK
HINDUSTAN COPPER

STOCKS IN SPOTLIGHT:

1) Emcure Pharmaceuticals (+1.29%) advanced after the U.S. Food and Drug Administration (USFDA) conducted a pre-approval inspection (PAI) at its manufacturing facility (Oncology) located at G.I.D.C., Sanand, Ahmedabad, Gujarat.

2) Orient Technologies shed 0.59% after the company announced that it has received a purchase order worth Rs 29.86 crore from Protean eGov Technologies for the procurement, setup, and support of AWS infrastructure.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

🇮🇳 🇮🇳 🙏🏻