WEEKLY TRENDSETTER (JULY 11,2025)
| 2025 | JUNE 27 | JULY 4 | Ch % |
| NIFTY | 25638 | 25461 | -0.69 |
| BANK NIFTY | 57443 | 57032 | -0.72 |
| USD/INR | 85.46 | 85.46 | 0.00 |
MARKET REVIEW-The week saw tentative moves in the market which is not typical of the first’s week of the new expiry. However, some recovery was seen towards close of the week which still ended with losses on the indices. The broader market was however buoyant with interesting pockets of buying emerging.
INTERESTING CUES
1.Suspected F&0 manipulation pins down Jane Street
The week closed on a subdued note as the regulator framed charges against US trading firm Jane Street for suspected pump and dump operations in the F&O segment causing significant losses to the retail investors who were caught in the web of market volatility and finally succumbing to book losses. The operation saw heavy buying in index futures and corresponding buying in puts. Once elevated levels were reached the futures were gradually dumped. While losses were incurred in the futures, the options profits ensured that a decent gain was made. The capital market related scrips got affected due to anticipated fall in volumes and sharp losses were registered in exchange stock, BSE and also some broking firms. However, the action is healthy for the markets in the long run and should bring in more transparency.
2.India US trade deal should be in focus next week
With the July 9 deadline approaching several sectors like pharma, textiles, auto components, etc. will be in focus in particular. As per Trump if no agreement is firmed up by July 9, Indian exports to US will be laden with a 26% duty.
3.Ananth Technologies set to offer satellite communication services
The company is set to rival Starlink, one web and Amazon Kuiper and launch satellite broadband services by 2028. An initial investment of ₹3,000 crore has been committed to the venture, with scope for further funding depending on demand.
NIFTY –The index saw repeated resistance at around levels of 25600 which will now act as an immediate resistance on any upmove. The undertone however looks steady and the coming week could again see levels of 25500 and above. Any correction should now see support emerging at around 25250-25300 levels.
BANK NIFTY-The index touched an all -time high of 57628 before correcting and closed for the week just above 57000. Any correction should see support emerging around 56300 levels. On the higher side 57700 should be seen.
STOCK PICKS
Engineers India (243) -The scrip saw good support around 230-35 and closed near high for the week. After touching 304 last year the scrip has seen a 50% correction before resumption of the uptrend. Levels of 260-65 should be seen in the coming days.
BHEL– (262)-The stock has been an underperformer in the past few months after touching dizzying heights of 335 last year. However, levels of 255-60 should offer decent support and the scrip could see levels of 285-90 in the coming days.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam