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June 18, 2025

Daily Morning Report Date: 18.06.2025
NIFTY OUTLOOK: 24853.40 FII: Rs. 1482.77 cr DII: Rs. 8207.19 cr
As discussed yesterday, market behaviour remained in line with expectations. On the downside, Nifty respected our support of 24813, making a low of 24813.7.
A bearish candle following a bullish one has formed a bearish Dark Cloud Cover pattern on the daily chart, indicating bulls are losing strength and bears are attempting to take control. If Nifty decisively breaks below 24789, it may test 24726–24663. If supply pressure increases, there are chances it could test 24597.
On the upside, resistance is expected around 24917–24983. A breakout above and sustained move may push Nifty towards 25045–25107.
Bank Nifty OUTLOOK:
SPOT: 55714.15 PCR: 0.68 Max CE OI: 56000 Max PE OI: 56000
On 17th June 2025, Bank Nifty closed at 55714.15, down 0.41% from the previous day. The index moved 423.35 points during the session, making a high of 56067.30 and a low of 55643.95.
Technical View on Daily Chart:
Key support and resistance levels remain unchanged at 55010 and 56050 respectively.
Today’s Technical Strategy:
Go Long above 56100 with a stop loss of 55900 and target of 56500
Go Short below 55600 with a stop loss of 55800 and target of 55300
The Relative Strength Index (RSI) is at 52.50. (Below 30 is oversold; above 70 is overbought)
Bank Nifty Day SMA Analysis:
Trading above 5 out of 8 SMAs (30, 50, 100, 150, 200-day)
Trading below 3 out of 8 SMAs (5, 10, 20-day)
No candlestick pattern identified in Bank Nifty.
Macros.
1.Dollar index @ 98.30
2.Vix @ 21.60 ( +13.03 % )
3.Brent crude @ 76.43
4.US 10 years bond yield @ 4.399
Note:
The Iran-Israel war has now entered its sixth day. Wall Street slipped on reports of a potential U.S. entry into the conflict. According to The Wall Street Journal, President Donald Trump is considering various options, including a possible U.S. strike on Iran, after a meeting with top advisers in the White House Situation Room on Tuesday.
On the economic front, all eyes are on the Federal Reserve, which concludes its two-day policy meeting on Wednesday. Economists largely expect the Fed to hold rates steady in the 4.25%–4.50% range. However, investors will closely watch Chair Jerome Powell’s commentary for any dovish signals, especially after a softer May CPI print.
Weak U.S. retail sales and manufacturing output data are indicating a slowing economy. President Trump's aggressive and shifting tariff policies have added to economic uncertainty. While tariffs have clearly impacted large-ticket purchases, especially autos, broad-based consumer spending hasn't yet shown major declines. However, a deeper slowdown is expected in the second half as tariffs begin to affect real disposable incomes.
Conclusion:
The Middle East conflict is escalating with increasing geopolitical risk. Simultaneously, the U.S. economy is showing early signs of pressure due to the tariff war. Investors should remain extremely cautious and avoid aggressive fresh buying.
Contributed by
Ashok bhandari : INH000019549
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MINI DIAMONDS: Reports 65% revenue growth in FY25, reaching ₹405.6 Cr; net profit at ₹3.3 Cr.
Expanded retail via Namra Jewels; opened flagship store in Worli. Started in-house CVD manufacturing.
Entered Middle East with A V PALACE DMCC. Exported to Canada.
Launched hallmarking unit; lab-grown diamond sales surged 3.5x.
@beatthestreet10
VOLTAS: MOSL downgrades to Neutral from Buy; TP cut to ₹1350 from ₹1600.
FY26/27 UCP revenue estimates reduced by \~14%, margin cut by 80bp/40bp. EPS slashed by \~17%/14%.
Management cites 20–25% YoY RAC demand drop in Apr–May due to poor weather; partial recovery seen in June.
@beatthestreet10
Blue Star : Cut production by 20% in May and over 25% in June as a weaker-than-expected summer season dampened air-conditioner demand.
Aimed to grow at 25-30%, grew only 5% in April.
@beatthestreet10
Symphony : Inventory in the channel is slightly higher than last year.
Seeing muted summer performance so far.
@beatthestreet10
RARE-EARTH SOURCING: Australia being explored as alternative source for rare-earth magnets.
Govt prioritizing fast-tracking National Critical Minerals Mission, recycling, and circular economy.
Non-PLI support, use of tailings under review. All mines to test dumps for critical minerals from June.
Key partnerships with Argentina, Brazil, Chile to continue; lithium from Chile crucial for 2030 EV goals.
@beatthestreet10
GLENMARK PHARMA: Receives 5 observations from USFDA after GMP inspection at Monroe, North Carolina (June 9–17).
Form 483 lists procedural issues; no data integrity concerns flagged.
Glenmark to submit response within timeline.
Mildly Negative – Short-term regulatory overhang, but limited downside due to non-critical nature of observations.
@beatthestreet10
PM MODI, US PRESIDENT DONALD TRUMP HOLD TELEPHONIC TALKS
@beatthestreet10
BSE DOWN 5 % ON EXPIRY DAY SHIFT TO THURSDAY... BROKERAGE FIRMS EXPECTS BSE'S VOLUME FALL
@beatthestreet10
HIND ZINC: Management maintains FY26 volume guidance; may revise post H1FY26 – CNBC-TV18.
Phase 2 expansion to add 4.5L T zinc, 2L T lead, 750T silver.
Capex to be split 50:50 between debt and internal accruals.
Full mining-to-smelting plan aligned with global benchmarks; Phase 2 capex details in 50 days.
@beatthestreet10
DIXON : Lenovo will double output of Make-in-India devices in 2 years Says Official- BS
@beatthestreet10
HINDUSTAN ZINC: Plans to double total capacity to 2 MT (1.6 MT zinc, 0.4 MT lead) from current 1 MT – ET NOW.
₹12,000 Cr capex to be funded via debt and equity mix.
Targeting ₹10,000–11,000 Cr annual profit; to use operating cash flows for capex.
Also entering rare earth mineral mining with a long gestation outlook.
@beatthestreet10

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