Morning Action @ 7 AM – Friday, July 4th 2025

# Gift Nifty is aiming to catch up with the record-breaking bullish moves of the S&P 500 and the Nasdaq Composite.

# Overnight, the S&P 500 and Nasdaq Composite roared to reach their fresh 52-week highs buoyed by a stronger-than-expected US jobs report.

The positive trigger: The robust June jobs data is helping ease concerns over a potential economic slowdown in the US.

# We will however continue to spy with one big eye on the 2-catalysts:

1) Robust June jobs data actually dampens expectations for a Federal Reserve interest-rate cut in July.

2) Anxiety ahead of July 9 Trump’s tariff deadline.

# Bottom-line: Stay bullish as long as Nifty holds above its biggest support at 25221 mark.

# Long story short: Nifty is likely to follow Wall Street higher.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty: (+65, 25560)
Dow Futures: (-85, 44745)
Nasdaq 100 Futures (-23, 22843)

Nikkei (-37, 39749)
Hang Seng (Closed, 24221)

Dow Jones (+344, 44829)
Nasdaq Composite (+208, 20601)
Bovespa (+1877, 140928).

# MARKET TRENDS:
Global cues: Positive
FII: (-1481.19 crores)
DII: (+1333.06 crores)
Sentiment: Positive
Market Breadth: Positive
Technicals: Overbought conditions.
F&O: 25000 - 26000 zone.

India VIX 12.38 (-0.48%)
USD/INR Futures (29th July) 85.42
Nifty PCR (31st July) 1.21
Bank Nifty PCR (31st July) 0.93

# Nifty Outlook: Well, despite yesterday’s drubbing, it still appears Nifty and the Indian economy seem to be in a decent bullish set-up right now.

And amidst this optimistic backdrop, it looks like there's plenty more upside to go for benchmark Nifty.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25405):
SUPPORT: 25221/25000
RESISTANCE: 25670/26277
RANGE: 25300-25700
BIAS: Positive
21 DMA: 25123
50 DMA: 24819
200 DMA: 24090

SENSEX (CMP 83239):
SUPPORT: 83000/82700
RESISTANCE: 84100/85978
RANGE: 83000-84000
BIAS: Positive
21 DMA: 82422
50 DMA: 81632
200 DMA: 79317

BANK NIFTY (CMP 56792)
SUPPORT: 56100/55300
RESISTANCE: 57750/58300
RANGE: 56500-57500
BIAS: Positive
21 DMA: 56455
50 DMA: 55691
200 DMA: 52148

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Wall Street jumped higher in Thursday’s trade as the Nasdaq and the S&P 500 scaled fresh record highs.

# The Positive Catalyst: Investor’s cheer bullish US monthly jobs report.

# The good news was acknowledged as good news, indicating all is well with the resilient American economy.

# Payrolls jumped by 147,000 in June, much higher than the consensus economic estimate of 106,000. The unemployment rate fell slightly from 4.2% in April and May to 4.1% in June.

# Now, a reminder that Wall Street will be closed on Friday, July 4, as is a full stock market holiday in honor of Independence Day.

# Gold prices ($3330 per ounce) were seen consolidating.

# Amidst oversold conditions backdrop, WTI crude oil futures are aiming to rebound, now near the $67.21 per barrel.

LotusFunds Super Trader: Nifty shall aim to catch up with the record-breaking bullish moves of the S&P 500 and Nasdaq Composite.

STOCK MARKET NEWS:

# Before we get into detail, please note, United States stock markets will be closed on Friday, July 4 in observance of Independence Day.

# Overnight at Wall Street, good news was acknowledged as good news, indicating all is well with the resilient American economy.

# US stocks surged in Thursday’s trade after a surprising gain in payroll employment in its monthly jobs report.

Payrolls jumped by 147,000 in June, much higher than the consensus economic estimate of 106,000. The unemployment rate fell slightly from 4.2% in April and May to 4.1% in June.

# Amidst this backdrop, Nifty shall aim to power higher in today’s trade as bulls aim to join the conga-line of record-breaking cues from Wall Street.

# Also, India’s mini trade deal with US is quite likely in 48 hours

# We will now spy with one big eye if the average effective tariff rate for India eventually gets settled around 15-18%

# Technically, stay bullish as long as Nifty holds above its biggest support at 25221 mark.

Confirmation of strength only above Nifty 25570 mark.

# Hopefully, Nifty shall fly in today’s trade and hopefully, they will keep on flying and end the week with a bang.

# Amongst stock specific action:

1) Hospital stocks like Max Healthcare (+1.29%), Aster DM Healthcare (+8.6%) and Apollo Hospitals Enterprise (+1.67%) were up on healthy business outlook.

2) Biocon (+1.6%) traded with positive bias after the company said that Biocon Biologics has received the European Commission (EC) marketing authorisation in the European Union (EU) for Vevzuo and Evfraxy biosimilars of Denosumab.

3) Punjab National Bank (PNB) dropped 3.18% after its Q1 biz update missed Street estimates

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

Nifty (25405): Buy at CMP. Stop at 25209. Targets 25750/25900. Aggressive targets at 26100-26277.35 zone.

Bank Nifty (56792): Buy between 56200-56500 zone. Stop at 55301. Targets 57000/57700. Aggressive targets at 58300-58500 zone.

# Our chart of the day is bullish on MARUTI, CDSL, DIVIS LAB, PEL, TATA STEEL, and HPCL on any early intraday weakness with an interweek perspective.

# The 1 Stock to Buy Now: Buy MARUTI (CMP 12752): Buy at CMP. Stop at 12101. Targets 12901/13500. Aggressive targets at 13901. (Interweek Strategy). A massive breakout play on the upside on cards in the daily charts. Key intraday support 12501. Major hurdles at its all-time-high at 13680. The stock is aiming to pierce above 13680..

LotusFunds Super Trader: Nifty shall aim to catch up with the record-breaking bullish moves of the S&P 500 and Nasdaq Composite.

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