CLOSING BELL —— REVIEW & PREVIEW @4PM —— Wednesday, July 2nd 2025

# Nifty slips as investors mindful of the risks as India and the US race to finalise a bilateral trade pact ahead of the July 9 deadline.

NIFTY (-88, 25453)
Sensex (-288, 83410)
Bank Nifty (-460, 56999)

# THEME OF THE DAY:

1) After pausing in previous 2-trading sessions, Nifty slipped in today’s trade.

2) The markets are awaiting some big trigger to jump towards Nifty’s all-high at 26277.35 mark.

2) Anxious traders brace for July 9 Trump’s tariff deadline.

As per latest, the US President Donald Trump has reaffirmed that India-US will soon strike a trade deal with "much less tariffs", allowing both countries to compete.

3) Fed’s Powell as reiterated that the Federal Reserve needs more data before considering interest rate cuts.

4) All eyes will be on the US Nonfarm Payrolls (NFP) data for June, which will trickle in on Thursday, July 3rd.

Well, if NFP data points to signs of weakness in the labor market then simply expect bullish traders to raise Fed’s dovish bets if. Alternatively, upbeat job data would force traders to pare bets supporting Fed interest rate cuts in September.

5) Overnight, Wall Street ended mixed with the S&P 500 and the Nasdaq slipping from their all-time-highs while the Dow Jones gained 400 points.
6) The US Dollar has been dethroned, now at 3 years low at 96.75 area amidst growing concerns over the US fiscal outlook and trade uncertainty that weighed on sentiment.

7) FII selling: In yesterday’s session, FIIs turned out to be net sellers to the tune of Rupees 1970 crores

8) Oil prices depressed at $65.50 a barrel.

# Bottom-line: The return of risk?

LotusFunds Super Traders: The biggest make-or-break support for Thursday’s trade is placed at 25277 mark.

# SECTOR GAINERS:
NIFTY METAL (+1.41%)
NIFTY HEALTHCARE (+0.34%)
NIFTY AUTO (+0.32%)

# SECTORS LOSERS
NIFTY REALTY (-1.44%)
NIFTY PSU BANKS (-0.83%)
NIFTY PVT BANKS (-0.65%)

# Adv-Dec 23—27
# INDIA VIX 12.44 (-0.72%)
# NIFTY PCR (03rd July) 0.62
# NIFTY PCR (31st July) 1.20
# USD/INR Futures (July) (+0.16%, 85.77)

# TODAY’S MARKET RE-CAP:

1) Nifty ends the day firmly in red despite bulls regrouping in final hours of trade. Nifty forms a bearish red-candle indicating tough resistance at recent highs at 25669 area. Nifty’s all-time-high continues to be at 26277.35 mark.

2) Bank Nifty too slips joining the conga-line of falling markets and mirroring, Nifty’s sliding action. Bank Nifty’s new all-time-high continues to be at 57614.50 mark

3) India VIX continues to be depressed at 12.47 levels.

4) The market breadth (23:27) mostly evenly biased.

5) The Nifty Mid-cap (-0.08%) and Nifty Small-cap (-0.42%) indices ended with minor cuts.

6) Among sectoral indices, maximum sluggishness was witnessed in Nifty REALITY (-1.54%) followed by Nifty PSU BANKS (-0.87%) and then BANK NIFTY (-0.84%) but that said, buying was witnessed in Nifty METALS (+1.44%), Nifty PHARMA (+0.34%) and NIFTY AUTO (+0.28%).

# Bottom-line: The running of bulls shall continue albeit some serious consolidation.

# TECHNICAL OVERVIEW:

# A bearish candle is being formed on the daily charts of Nifty and Bank Nifty’s daily charts indicating some more consolidation on cards in the near term.

# Technically, Aggressive upside targets continue to be at Nifty’s all-time-high at 26277.35 mark.

Meanwhile, the biggest interweek support for Nifty will be at 25000 (low as on June 24th).

The biggest make-or-break support for Thursday’s trade is placed at 25277 mark.

# BULLS OF THE DAY:
TATASTEEL (+3.68%)
JSWSTEEL (+2.78%)
ASIANPAINT (+2.40%)
ULTRACEMCO (+1.64%)
MARUTI (+1.39%)

# BEARS OF THE DAY:
SHRIRAMFIN (-2.85%)
HDFCLIFE (-2.57%)
INDUSINDBNK (-2.54%)
BAJAJFINSV (-2.18%)
L&T (-1.99%)

STOCK ALERT:

1) Bharat Forge (+2.27%) gains after acquiring AAM India manufacturing (AAMIMCPL) at an equity value of Rs 746.46 crore.

LotusFunds Super Traders: The biggest make-or-break support for Thursday’s trade is placed at 25277 mark.

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RISK DISCLOSURES ON DERIVATIVES:

# 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

# On an average, loss makers registered net trading loss close to 50,000.

# Over and above the net trading losses incurred, loss makers expended an additional 28%of net trading losses as transaction costs.

# Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.