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June 26, 2025

Daily Morning Report Date: 26.06.2025
NIFTY OUTLOOK: 25244.75 FII: -2427.74 cr DII: 2372.96 cr
As discussed yesterday, market behaviour remained on expected lines during the day.
Positive sentiment helped Nifty cross 25112 and rally up to 25267. It closed near our resistance level of 25243, at 25244.75.
A small bullish candle on the daily chart indicates continuation of positive sentiment. If Nifty crosses 25309, it may rally towards 25374–25439. If demand increases further, it could test 25507.
On the downside, 25179 to 25115 may act as immediate support. A break below this zone could drag Nifty towards 25050–24985.
Bank Nifty OUTLOOK:
SPOT: 56621.15 PCR: 0.94 Max CE OI: 57000 Max PE OI: 56000
On 25th June 2025, Bank Nifty closed at 56621.15, up by 0.28% from the previous day.
The index moved 260.75 points during the session, making a high of 56681.40 and a low of 56420.65.
Technical View on Daily Chart:
Key support and resistance levels are 55900 and 56770, respectively.
Intraday Strategy:
Go Long above 56690 with a stop loss of 56630 and target of 56760.
Go Short below 56550 with a stop loss of 56590 and target of 56400.
The Relative Strength Index (RSI) is at 60.70. Below 30 is considered oversold and above 70 overbought.
SMA Analysis:
Bank Nifty is trading above all 8 SMA levels (5, 10, 20, 30, 50, 100, 150, 200-day).
One active bullish candlestick pattern has been identified.
• Spinning Top Uptrend
Macros.
1. Dollar index @ 97.282
2. Vix @ 17.02 ( -2.63)
3. Brent crude @ 66.60
4. US 10 years bond yield @ 4.285
Note:
Sales of new U.S. single-family homes fell more than expected in May, as high mortgage rates hit demand, increasing the supply of unsold houses. New home sales, which are recorded at the time of contract signing, dropped 6.3% y-o-y in May and remain volatile with frequent revisions.
Fed Chair Powell told lawmakers on Tuesday that inflation is expected to rise this summer, and the central bank is not in a hurry to cut rates. The average 30-year fixed mortgage rate hovered just below 7% in May, according to Freddie Mac.
As far as Indian equities are concerned, Nifty looks poised for a breakout after eight months. It has closed above 24200 for the first time since October 2024. If it sustains and closes above 24250 on Friday, it may confirm a breakout toward an all-time high in the next two months—provided no major global event disrupts the trend.
Some sectors like Pharma, Metals, and Realty remain undervalued, while midcaps still trade at a 20–25% discount from last year’s highs. PE expansion is likely in the coming quarters, as RBI has infused ample liquidity to support growth.
Contributed by
Ashok bhandari : INH000019549
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Moving Media Entertainment Limited raised ₹9.87 Cr pre-IPO via anchor investors!
07 Key Investors
14.10 L Shares Allotted
Anchors include:
1. NAV Capital VCC - NAV Capital Emerging Star Fund
2. Aarth AIF Growth Fund
3. Vikasa India EIF I Fund - Incube Global Opportunities
4. Viney Growth Fund
5. CCV Emerging Opportunities Fund
6. Holani Capital Venture Fund - I
7. Strategic Sixth Sense Capital Fund
@beatthestreet10
Artificial intelligence is ideally suited to replacing the very type of person who built it!! So the numbers aren't lying - CS majors can't find a job! who would have thunk we would see it in our lifetimes?
https://www.theatlantic.com/economy/archive/2025/06/computer-science-bubble-ai/683242/?gift=rJK8_tEA_W04q3vJFDmfy2-DSxx7IfAJEzvC25vuJRk
@beatthestreet10
*[MOTILAL] PLASTIC PIPES SECTOR | THEMATIC: CAPTURING NEW OPPORTUNITIES! | INITIATE COVERAGE ON SI/ASTRA/PRINCPIP WITH A BUY RATING*
https://ftp.motilaloswal.com/emailer/Research/PIPES_THEMATIC-20250626-MOSL-PG0116.pdf
SI, ASTRA, and PRINCPIP are some of the key players operating in the Indian plastic piping space. We believe these companies are well-positioned to gain further market share and deliver healthy earnings. We initiate coverage on SI, ASTRA, and PRINCPIP
** *SUPREME INDS*: Its revenue/EBITDA/ Adj. PAT is estimated to report a robust CAGR of 14%/20%/23% over FY25-FY28, driven by healthy volume growth (at 13% CAGR) and improving margin profile. We initiate coverage on the stock with a BUY rating and a TP of INR5,400 (premised on 45x FY27E P/E, which reflects a 22% premium over the stock’s five-year average one-year forward P/E).
** *ASTRAL*: Its revenue/EBITDA/Adj. PAT is estimated to clock a CAGR of 16%/ 17%/23% over FY25-FY28, driven by volume growth (12% CAGR). We initiate coverage on the stock with a BUY rating and a TP of INR1,800 (premised on 45x FY27E P/E, which implies a 33% discount over the stock’s five-year average one-year forward P/E).
** *PRINCE PIPES*: Its revenue/EBITDA/Adj. PAT would report a robust CAGR of 15%/38%/73% over FY25-FY28E due to a low base, driven by 12% volume CAGR. PRINCPIP is currently trading at 22x FY27 EPS, which is an attractive valuation given the growth trajectory. We initiate coverage on the stock with a BUY rating and a TP of INR500 (premised on 32x FY27E P/E).
@beatthestreet10
NARMADA AGROBASE : PROMOTER BOUGHT 0.66 % STAKES ON 24,25 th JUNE VIA OPEN MARKET
JAIPRAKASH ASSOCIATES : Six bidders submit financial offers for assets - NDTV PROFIT
Bidders include Adani Group, Vedanta, Dalmia Group, PNC Infra, JSPL, Suraksha ARC
Creditors to open and review bids this weeks
If bids are not satisfactory, lenders may decide to sell individual assets
Delhivery : LargeTrade
1.19 Cr Shares Worth ₹461 Cr Change Hands In Block Deal Window At ₹ 388/sh
SENCO GOLD , CEO Says June was slightly stressed in terms of footfalls & traction - CNBCTV 18
Seeing robust value growth even as volumes are soft
Consumer interest towards diamonds is much higher than 20%
Value growth in Q1 will be more than 20%
Will see slightly positive impact on margin due to lower gold hedge

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