Morning Action @ 7 AM – Monday, June 30th 2025

# To begin with, Gift Nifty is treading water in early action despite U.S. stock-market futures and Asian stock markets on the rise.

# Please note, its Monday, June 30th the last day of 1st half of calendar year FY25.

So, window-dressing on Dalal Street could catch spotlight for the day.

Bottom-line: Albeit volatility, bulls will aim to close out June on a strong note.

# 7:00 AM GLOBAL UPDATE:
GIFT Nifty : (-9, 25773)
Dow Futures: (+220, 44040)
Nasdaq 100 Futures (+79, 22613)

Nikkei (+510, 40661)
Hang Seng (-9, 24274)

Dow Jones (+432, 43819)
Nasdaq Composite (+106, 20273)
Bovespa (-248, 136866).

LotusFunds Traders: Albeit volatility, bulls will aim to close out June on a strong note.

# MARKET TRENDS:
Global cues: Positive
FII: (+1397.02 crores)
DII: (-588.93 crores)
Sentiment: Positive
Market Breadth: Positive
Technicals: Overbought conditions.
F&O: 25000 - 26000 zone.

India VIX 12.39 (-1.61%)
USD/INR Futures (29th July) 85.86
Nifty PCR (31st July) 1.29
Bank Nifty PCR (31st July) 1.08

# Nifty Outlook: This Monday, bullish consolidation could be the preferred theme and the big positive theme for Nifty and its stocks still will be: Reduced uncertainty.

# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25638):
SUPPORT: 25475/25300
RESISTANCE: 25800/26277
RANGE: 25500-25800
BIAS: Positive
21 DMA: 24967
50 DMA: 24710
200 DMA: 24081

SENSEX (CMP 84059):
SUPPORT: 83500/82700
RESISTANCE: 84400/85978
RANGE: 83700-84500
BIAS: Positive
21 DMA: 81975
50 DMA: 81307
200 DMA: 79288

BANK NIFTY (CMP 57444)
SUPPORT: 56800/56100
RESISTANCE: 57700/58300
RANGE: 57000-58000
BIAS: Positive
21 DMA: 56187
50 DMA: 55532
200 DMA: 52031

WHAT HAPPENED AT WALL STREET IN FRIDAY’S TRADE:

# Wall Street enjoyed a strong session in Friday’s trade as the S&P 500 and the Nasdaq index surpassed their all-time record highs.

# The 3-biggest positive catalysts from Friday’s trade at Wall Street:

1) Growing expectations that the Federal Reserve may cut interest rates sooner than previously anticipated.
2) Optimism over pending trade agreements including a framework agreement with China.
3) Growing number of S&P 500 companies are issuing upbeat earnings guidance for the second quarter, buoyed by easing tariff pressures and reduced geopolitical uncertainty.

# The only negative catalyst: President Donald Trump said he is ending trade talks with Canada.

# As on Friday’s close, the Dow Jones gained 1% at 43819, the S&P 500 rose 0.5% to 6173, and the Nasdaq Composite had gained 0.5% to 20273.

# Gold prices ($3265 per ounce) are wavering and trading way below the psychological 3300 mark.

# WTI crude oil futures are trading steady near the $64.65 per barrel.

STOCK MARKET NEWS:

# Its Monday, June 30th the last day of 1st half of calendar year FY25.

There is a bright chance that window-dressing on Dalal Street could catch spotlight for the day.

# Now, digging deeper, Nifty’s bullish up-moves have been a standout in last 4-trading sessions—but investors should now start taking notice of prevailing overbought technical conditions.

# Our call of the day suggests a choppy and volatile session as Nifty may aim for some gains but the gains are unlikely to be inspiring as has been witnessed in last 4-trading sessions.

# A bullish consolidation could be the preferred theme for benchmark Nifty.

# The 2-negative catalysts:

1) Friday’s released US May PCE Price Index report which were not constructive for near-term rate cuts by the Federal Reserve.

2) President Donald Trump said he is ending trade talks with Canada.

# The 2-positive catalysts:

1) In Friday’s session, FIIs turned out to be net buyers to the tune of Rupees 1397 crores.

2) The Indian trade team stays longer in the US to finalise deals before the Jul 9 deadline. Trump has said "a very big" deal with India was likely soon.

# The 2-big trading themes:

1) All eyes will be on the Indian trade team which is in the US to finalise deals before the Jul 9 deadline.

2) Focus will be also on the US NFP to trickle in this Thursday, July 3rd

# Amongst stock specific action:

1) Adani Enterprises advanced 2.23% after the company announced that its joint venture, AdaniConneX (ACX), has completed the acquisition of a 100% equity stake in Granthik Realtors (GRPL) from Windson Projects LLP.

2) Power Mech Projects rose 2.91% after the company secured Rs 159 crore solar power orders from Bihar State Power Generation Company (BSPGCL) under the PM-KUSUM C2 scheme for setting up grid-connected distributed solar plants in Bihar.

3) Ahmedabad-based Torrent Pharmaceuticals will acquire a controlling stake JB Chemicals and Pharmaceuticals at an equity valuation of ₹25,689 crore, which will be followed by the merger of the two entities. Torrent Pharma had gained 3.69% in Friday’s trade.

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

Nifty (25638): Buy on dips between 25500-25550 zone Stop at 25209. Targets 25750/25900. Aggressive targets at 26100-26277.35 zone.

Bank Nifty (57444): Buy at CMP. Stop at 56451. Targets 57700/58000. Aggressive targets at 58300-58500 zone.

# Our chart of the day is bullish on ADANI ENTERPRISES, LAURUS LAB, and HPCL on any early intraday weakness with an interweek perspective.

# The 1 Stock to Buy Now: Buy LIC (CMP 958): Buy at CMP. Stop at 923. Targets 975/1003. Aggressive targets at 1033. (Interweek Strategy). Rationale: Probable higher consolidation rebound on the daily charts. The make-or-break intraday support at 933. Confirmation of strength only above 975 mark.

LotusFunds Traders: Albeit volatility, bulls will aim to close out June on a strong note.

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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.