MARKET TRENDS:

Global cues: Positive
FII: (+77.00 crores)
DII: (+920.83 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Overbought conditions.
F&O: 25000 – 26000 zone.

India VIX 11.94 (-2.09%)
USD/INR Futures (29th July) 85.77
Nifty PCR (31st July) 1.19
Bank Nifty PCR (31st July) 0.96

Nifty Outlook: Aside from Trump tariff news, all eyes will be on TCS Q1 results to trickle in today after market hours.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25476):
SUPPORT: 25415/25221
RESISTANCE: 25670/26277
RANGE: 25400-25650
BIAS: Positive
21 DMA: 25217
50 DMA: 24919
200 DMA: 24091

SENSEX (CMP 83536):
SUPPORT: 83251/82733
RESISTANCE: 84100/85978
RANGE: 83300-84300
BIAS: Positive
21 DMA: 82691
50 DMA: 81925
200 DMA: 79329

BANK NIFTY (CMP 57214)
SUPPORT: 56900/56100
RESISTANCE: 57615/58300
RANGE: 56700-57700
BIAS: Positive
21 DMA: 56581
50 DMA: 55847
200 DMA: 52245

Nifty: In Wednesday’s trade, Nifty mostly wavered in an up-and-down session and the negative takeaway was that the benchmark ended the session on a cautious note

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25300/25221 mark.

Nifty’s hurdles seen 25670/26277 mark.

Nifty’s 200 DMA at 24091 mark.

Nifty’s chart of the day suggests Nifty may waver in an up-and-down session with slight bullish bias and Nifty’s biggest intraday hurdles at 25670 mark.

Bank Nifty: In Wednesday’s trade, Bank Nifty started the session on a cautious note, and the wavering prevailed all-thru the trading session. The negative takeaway was that the benchmark ended slightly below the dotted lines.

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

Bank Nifty was seen mirroring Nifty’s subdued action, ending 0.07% lower as against Nifty’s 0.18% loss.

Interestingly, Nifty PSU Banks ended 0.43% lower while Nifty Private Bank Index ended with 0.02% loss.

Intraday support for Bank Nifty now seen at 56900/56100 mark and then at 55483 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 57615 mark and then at 58300 mark. Bank Nifty’s 200-DMA is placed at 52245 mark.

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.

First, the good news: Overnight at Wall Street, the Nasdaq Composite rose 0.94% to close at a record high, while the Dow and S&P 500 gained 0.49% and 0.61%, respectively, and most importantly, logged their first gains in three sessions.

The Positive Catalyst: Investors cheer Fed-rate cut talks.

Gift Nifty is pointing to open with positive bias as investors cheer Fed-rate cut talks.

Our call of the day however suggests it’s likely to be a choppy and whipsaw kind of day for the benchmark Nifty.

Blame it on tariff muddy outlook. Strictly speaking, tariff volatility is back on the front pages and the negative takeaway is that there is no end in sight for tariff uncertainties.

This Thursday morning, Japanese Nikkei is trading with negative bias amidst stalled trade negotiations between the US and Japan.

The street fears that Trump’s tariff threats could dampen global growth and curb demand for industrial metals.

Long story short: Proceed with caution at Dalal Street.

7:00 AM GLOBAL UPDATE:

GIFT Nifty: (+45, 25575)
Dow Futures: (-55, 44404)
Nasdaq 100 Futures (-31, 22834)

Nikkei (-230, 39591)
Hang Seng (-27, 23865)

Dow Jones (+218, 44458)
Nasdaq Composite (+193, 20611)
Bovespa (-1822, 137481).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

The good news was that the ‘Fed Minutes from the June 17-18 FOMC Meeting Minutes point to lower inflation ahead’ as Fed members considered a reduction in the fed funds rate, noting that upward pressure on inflation from tariffs may be temporary or modest, and that some weakening of economic activity and labor market conditions could occur.

However, few Fed officials makers highlighted that uncertainty about the outlook was elevated due to trade policy, other government policies, and geopolitical risks, but that overall uncertainty had diminished since the previous meeting.

As on Wednesday’s close, the Nasdaq Composite gained 0.9% to 20,611, the S&P 500 was up 0.6%% at 6,263, and the Dow Jones rose 0.5% to 44,458.

Brazilian Bovespa tumbled 1.3% after President Donald Trump announced a 50% tariff on Brazilian imports, citing unfair trade practices.

Copper prices traded firm at $5.59 per pound as the theme revolves around Trump announcing plans to impose a 50% tariff on copper imports.

Gold prices ($3319 per ounce) was seen consolidating with positive bias.

WTI crude oil futures were seen consolidating with slight positive bias, now near the $68.19 per barrel.

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.

Good Morning Early Readers!!

Gift Nifty points to a positive start as bulls take over the positive baton from strong Wall Street cues in overnight trade.

The Positive Catalyst: Investors cheer Fed-rate cut talks.

6:00 AM GLOBAL UPDATE:

GIFT Nifty: (+44, 25574)
Dow Futures: (-34, 44424)
Nasdaq 100 Futures (-16, 22849)

Nikkei (-201, 39615)
Hang Seng (CLOSED, 23892)

Dow Jones (+218, 44458)
Nasdaq Composite (+193, 20611)
Bovespa (-1822, 137481).

As on Wednesday’s close, the Nasdaq Composite gained 0.9% to 20,611, the S&P 500 was up 0.6%% at 6,263, and the Dow Jones rose 0.5% to 44,458.

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 🇮🇳: (-25, 25580)

As of recording, US-India, trade deal is yet to be out…

But, please note, Donald Trump has warned that the BRICS countries (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates) with 10% additional tariff.

Trump has said that BRIC countries will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.

On the face of it, the Trump administration has not appreciated BRICS Nation condemning attacks on Iran, Gaza war, and Trump’s tariffs.

Looks like the situation is heating up as the Brazilian President Lula responded to Trump’s tariff threats by saying the world does not ‘want an emperor’ who lashes out over the internet.

Long story short: The need of hour is global cooperation and the proposed tariff does not hit consumers across globe, financial markets across globe, and the global economy.

Until a favorable tariff deal is not arrived at, expect volatility, volatility and volatility to be the hallmark for Nifty and its stocks.

The biggest support to watch on Nifty is placed at 25221 mark.

Aside from Trump tariff news, this week, the spotlight will also be on other 2-catalysts:

1) The release of the FOMC minutes on July 9th
2) TCS officially sets afire the ceremonial starters pistol for Q1 earning season on July 10th.

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

Please note, Whipsaw describes a market that seems to be trending in one direction but then violently reverses course

Technically speaking, confirmation of strength is only above the 25670 mark.

Amongst stock specific action:

1) Titan’s stock price tumbled 6.17% after Q1 business update fails to impress Dalal-Street.

2) The Nifty Pharma index (-0.96%) was the biggest underperformer in a slow, steady and improving market.

3) Kotak Mahindra Bank (+3.45%) was star outperformer after the bank’s average total deposits jumped 12.9% to Rs 4,91,998 crore as of 30th June 2025 compared with Rs 4,35,603 crore as of 30th June 2024.

4) Mahindra & Mahindra inched 0.09% after the company’s total sales jumped 14.27% to 76,335 units in June 2025 compared with 66,800 units in June 2024.

5) Macrotech Developers shed 0.24% despite reporting a 10% jump in pre-sales to Rs 4,450 crore in Q1 FY26 compared with Rs 4,030 crore in Q1 FY25. Collections rose 7% YoY to Rs 2,880 crore in Q1 FY26.

Now, before we get into detail of today’s trading session, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25523): Buy between 25450-25500 zone. Stop at 25171. Targets 25670/25750. Aggressive targets at 26100-26277.35 zone.

Bank Nifty (57256): Buy between 56900-57100 zone. Stop at 56011. Targets 57450/57700. Aggressive targets at 58300-58500 zone.

Our chart of the day is bullish on BDL, NTPC, and HPCL on any early intraday weakness with an interweek perspective.

The 1 Stock to Buy Now: Buy BDL (CMP 1970): Buy at CMP. Stop at 1923. Targets 2007/2023. Aggressive targets at 2097. (Interweek Strategy). Rationale: Massive breakout play on cards. The stock enjoyed strong sessions in yesterday’s session, up 1.35%. Momentum oscilitors in bullish mode. Key interweek support 1937. Major hurdles at 2097.

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 bulls are aiming hard to float above the dotted lines with “Butterflies in the Stomach”.

A little bit feeling of nervousness or excitement seen ahead of news of US-India tariff deal.

Nifty (+3, 25526)
Sensex (-22, 83690)
Bank Nifty (-87, 57166)

Nifty (CMP: 25526)

SUPPORT: 25401/25221
RESISTANCE: 25670/26277
TRADING RANGE (25400-24650)

SECTOR GAINER:

Nifty FMCG (+0.53%)
NIFTY AUTO (+0.34%)
NIFTY PHARMA (+0.15%)

SECTOR LOSER:

NIFTY REALITY (-0.91%)
NIFTY METAL (-0.84%)
NIFTY IT (-0.66%)

Top Index Gainers:
JIO FINANCIAL (+1.73%)
BAJAJ FINANCIAL +1.53%)
SHRIRAM FINANCE (+1.38%)
ASIAN PAINTS (+1.10%)
HUL (+1.02%)

Top Index Losers:
TATA STEEL (-1.78%)
HCL TECH (-1.67%)
HINDALCO (-1.14%)
WIPRO (-0.91%)
DR REDDYS LAB (-0.83%)

KEY THEMES FOR THE DAY:

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.

Copper prices had earlier spiked to record highs at $5.8 per pound after Trump announced plans to impose a 50% tariff on copper imports.

Gold prices ($3291 per ounce) was seen consolidating on the backdrop of a tempered Federal Reserve dovish outlook offset concerns over renewed trade tensions.

2) The street is bit hopeful and easing investors’ concerns is the fact that the August 1st deadline allows more time for negotiations. Moreover, the 25% tariff starting August 1st is lower than the previously threatened rate of up to 35%.

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 11.93 levels.

3) Bank Nifty (-0.13%) 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.

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

11:30 AM GLOBAL UPDATE:

Dow Futures: (-21, 44219)
Nasdaq 100 Futures (-9, 22693)

Nikkei (+101, 39790)
Hang Seng (-226, 23921)

Dollar Index (-0.01%, 97.57)
WTI OIL (-0.06%, 68.13)
Gold (-11, 3290)

Securities in Ban for Trade Date: Tuesday, July 8th 2025
RBL BANK

STOCKS IN SPOTLIGHT:

Synergy Green Industries (SGIL) gained 7% after the company secured a development order for 3.3 MW turbine parts from Adani Wind, the wind energy division of Adani New Industries.

JSW Steel (+0.19%) rings 14% YoY growth in Q1 FY26 steel production volume. The firm has recorded consolidated steel production of 7.26 million tonnes in Q1 FY26, up 14% as compared with production volume of 6.35 million tonnes reported in Q1 FY25.

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 bulls are aiming hard to float above the dotted lines with “Butterflies in the Stomach”.

A little bit feeling of nervousness or excitement seen ahead of news of US-India tariff deal.

Nifty (+3, 25526)
Sensex (-22, 83690)
Bank Nifty (-87, 57166)

Nifty (CMP: 25526)

SUPPORT: 25401/25221
RESISTANCE: 25670/26277
TRADING RANGE (25400-24650)

SECTOR GAINER:

Nifty FMCG (+0.53%)
NIFTY AUTO (+0.34%)
NIFTY PHARMA (+0.15%)

SECTOR LOSER:

NIFTY REALITY (-0.91%)
NIFTY METAL (-0.84%)
NIFTY IT (-0.66%)

Top Index Gainers:
JIO FINANCIAL (+1.73%)
BAJAJ FINANCIAL +1.53%)
SHRIRAM FINANCE (+1.38%)
ASIAN PAINTS (+1.10%)
HUL (+1.02%)

Top Index Losers:
TATA STEEL (-1.78%)
HCL TECH (-1.67%)
HINDALCO (-1.14%)
WIPRO (-0.91%)
DR REDDYS LAB (-0.83%)

KEY THEMES FOR THE DAY:

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.

Copper prices had earlier spiked to record highs at $5.8 per pound after Trump announced plans to impose a 50% tariff on copper imports.

Gold prices ($3291 per ounce) was seen consolidating on the backdrop of a tempered Federal Reserve dovish outlook offset concerns over renewed trade tensions.

2) The street is bit hopeful and easing investors’ concerns is the fact that the August 1st deadline allows more time for negotiations. Moreover, the 25% tariff starting August 1st is lower than the previously threatened rate of up to 35%.

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 11.93 levels.

3) Bank Nifty (-0.13%) 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.

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

11:30 AM GLOBAL UPDATE:

Dow Futures: (-21, 44219)
Nasdaq 100 Futures (-9, 22693)

Nikkei (+101, 39790)
Hang Seng (-226, 23921)

Dollar Index (-0.01%, 97.57)
WTI OIL (-0.06%, 68.13)
Gold (-11, 3290)

Securities in Ban for Trade Date: Tuesday, July 8th 2025
RBL BANK

STOCKS IN SPOTLIGHT:

Synergy Green Industries (SGIL) gained 7% after the company secured a development order for 3.3 MW turbine parts from Adani Wind, the wind energy division of Adani New Industries.

JSW Steel (+0.19%) rings 14% YoY growth in Q1 FY26 steel production volume. The firm has recorded consolidated steel production of 7.26 million tonnes in Q1 FY26, up 14% as compared with production volume of 6.35 million tonnes reported in Q1 FY25.

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.

🇮🇳 🇮🇳 🙏🏻