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June 13, 2025
- Daily Morning Report – 13th June 2025
- NIFTY OUTLOOK: 24888.20 | FII: -3831.42 cr | DII: +9393.85 cr
- As discussed, Nifty failed to cross 25197 and, after breaking 25085 decisively, slipped to a low of 24826.
- A long bearish candle on the daily chart indicates selling pressure. If this persists, Nifty may drift to 24765–24705 on a break below 24827. Further downside could test 24671–24643.
- On the upside, 25013–25073 will act as immediate resistance. A breakout above these levels could push Nifty to 25133.
- Minor resistance is seen at 24950 between the 24888.20–25013 range.
- Bank Nifty OUTLOOK:
- SPOT: 56082.55 | PCR: 0.78 | Max CE/PE OI: 56000
- On 12th June 2025, Bank Nifty closed at 56082.55, down 0.67%.
- The index moved 642.55 points during the session, with a high of 56611.05 and a low of 55968.50.
- Technical View (Daily Chart):
- Resistance is seen at 56400; a breakout may take it to 56900. Support lies at 55800; if breached, the index may slip to 55200. RSI stands at 58.
- SMA Analysis:
- Bank Nifty is trading above 6 of 8 SMAs (30, 20, 50, 100, 150, 200-day) and below 2 SMAs (5, 10-day).
- No candlestick pattern identified.
- Note: Indian markets witnessed a sharp fall today, especially in the last two hours. The decline was driven by multiple factors:
- 1. Rising tensions between Iran and the US over the nuclear deal
- 2. The US Treasury Secretary warning of a potential recession if the debt ceiling isn't raised
- Crude oil is trading around $75, up from $58 within a month — a concern for global economies.
- The US-China trade deal announced by President Trump still awaits approval from the Chinese President. As per reports, China has agreed to most terms, while the US will retain 55% tariffs and China will impose 10% tariffs. In return, Chinese students will be allowed to study in US universities. However, many international outlets are calling the deal “unrealistic,” leading to investor caution.
- If Nifty closes below the 24480–24550 zone, profit booking may intensify. We will update levels in our weekly index outlook.
- Contributed by
- Ashok bhandari : INH000019549
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- CAPRI GLOBAL; CO. RAISED RS 2000 CR VIA QIP @ ₹ 146.5/SHARE
- INVESTORS INCLUDING PRASHANT JAIN'S 3P FUND , QUANT MF , BLACKROCK , SOCIETE GENERALE, ICICI PRUDENTIAL LIFE
- @beatthestreet10
- NEW INDIA , GIC RE ; New India & GIC Re Exposed to Air India Crash; Limited Impact Due to Global Reinsurance ; MC Citing Sources
- New India & Tata AIG Involved: Likely primary domestic insurers for the crashed Air India aircraft.
- $20B Fleet Cover: Air India's insurance cover doubled post-Vistara merger; premium remains ~$30M.
- GIC Re Exposure Limited: Only ~5% of the hull claim to be ceded to GIC Re due to regulatory mandate.
- Global Risk Diversion: Majority of claim likely reinsured overseas, with AIG London possibly leading.
- Net Impact: Mixed – Minor financial exposure for New India Assurance and GIC Re; robust reinsurance mitigates large payout risks.
- @beatthestreet10
- YES BANK ; RBI Approves 6-Month Extension for YES Bank MD & CEO Prashant Kumar
- RBI grants extension to Prashant Kumar as MD & CEO of YES Bank.
- Tenure extended by 6 months starting October 6, 2025.
- Extension valid until a new MD & CEO is appointed or until April 2026, whichever is earlier.
- Positive Impact: Signals regulatory confidence and leadership continuity during transition phase.
- @beatthestreet10
