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August 12, 2025
- Daily Morning Report Date: 12.08.2025
- NIFTY OUTLOOK: 24585.05 FII -1202.65 cr DII 5972.36 cr
- As discussed yesterday, market behaviour moved as expected, with oversold conditions leading to a bounce toward 24,600 after crossing 24,417. Nifty closed near our resistance of 24,577 at 24,585.05.
- A bullish candle on the daily chart indicates buying pressure overcoming selling pressure, suggesting prices have reached a support level after an extended decline. If follow-through buying takes Nifty above 24,641, it may rally to 24,695–24,751, with a further chance to test 24,805.
- However, the battle between bulls and bears continues. A decisive break below 24,530 could drag Nifty to 24,475–24,420, with a further chance to test 24,366. Today's events will be key for the next move; caution is advised.
- Bank Nifty Outlook
- SPOT: 55510.75 | PCR: 0.75 | Max CE OI: 57000 | Max PE OI: 57000
- On 8th August 2025, Bank Nifty closed at 55510.75 (+505.85 / +0.92%) after moving 654.60 points intraday, hitting a high of 55582.15 and a low of 54927.55.
- Technical View:
- Key support at 54820–54780 zone; resistance at 55900.
- Intraday support at 55330 and resistance at 55700.
- Intraday Strategy
- • Go long above 55690, SL 55630, target 55870.
- • Go short below 55330, SL 55390, target 55150.
- RSI stands at 42 (below 30 oversold, above 70 overbought). Bank Nifty is above 4 of 8 SMAs (5, 100, 150, 200-day) and below 4 SMAs (10, 20, 30, 50-day). One bullish candlestick pattern has been identified.
- • Inside Uptrend
- Macros:
- 1.Dollar index @ 98.32
- 2.S&P Vix @ 16.25 (+7.26%)
- 3.Brent Crude @ 66.75
- 4.10 Years bond yield @ 4.283
- Note: The weak July jobs report at the start of the month, along with a sharp downward revision for June and May, has raised expectations that the Federal Reserve may cut interest rates next month. Inflation, the other key pillar of the Fed’s mandate, remains stubbornly above its 2% target, and higher tariffs imposed by the Trump administration are expected to push domestic prices further.
- Analysts at ING expect core CPI to accelerate to 0.3% m-o-m (3.0% y-o-y) in July, which could still be acceptable for the Fed to proceed with a September rate cut given the weaker jobs market. The US and China have extended a tariff truce for another 90 days, avoiding triple-digit duties and giving US retailers breathing space ahead of the holiday season.
- For India, the upcoming US-Russia meeting will be crucial, with market buzz that certain big oil companies could face restrictions on buying Russian and Iranian oil. Any positive outcome could boost Indian markets, especially amid the ongoing Ukraine conflict.
- Conclusion: Today’s events will be key triggers for the next move. We need to remain cautious and keep positions light until there is clarity on US-Russia trade talks and any possible deal before the 27th deadline.
- Contributed by
- Ashok bhandari : INH000019549
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