SEBI Registered Advisor 🚀 FlyingCalls Free Market Alerts 🚀

FED GOING NOWHERE FOR LONGER !

-> Nonfarm employment increased 143k vs 175k poll

-> Monthly avg for 2024 is at 166,000

-> Unemployment rate dropped to 4.0% from 4.1% prior; lowest since last May

-> Average hourly earnings accelerated to 0.5% MoM from 0.3% prior

-> Average workweek fell another tenth to 34.1 hours

PS: Markets are hesitant to interpret this month's data as net-hawkish for the Fed. A full cut is not implied until the September Fed Meeting, with 37 bps priced through 2025.

*WHAT HAPPENED OVERNIGHT*

-> SPX -0.95%, Nasdaq -1.36%

-> US nonfarm payrolls were mixed, no clear signal

-> In singles, Amazon -4%, Tesla -3.4%, Google -3.3%

-> Uber stock +6.6% after Bill Ackman said he has a position in the company

-> UST 10y yield added 5 bps to 4.49%

-> Dollar Index +0.35% to > 108

-> Brent Oil up 0.5% to $74.65

-> President Trump said there would be a conference on reciprocal tariffs on Monday or Tuesday of next week

Good morning friends

FundFlow

FIIs net sell ₹470.39 crore while DIIs net buy ₹454.20 crore in equities today (provisional)

BREAKING : RBI CUTS INTEREST RATE 25 BPS TO 6.25% FROM 6.5%

The RBI policy meet today has high stakes, and we are eagerly awaiting the announcements.

Apaarr Global Advisory expects a token rate cut of 25-50 basis points to address growth concerns. This move is anticipated to boost consumption, already supported by the budget.

Key Expectations:

- Rate Cut: At least 25 basis points reduction in the repo rate to stimulate economic growth. A 50 basis point can be a great alignment with government initiative to boost consumption.
- Liquidity Boost: Measures to increase liquidity in the system, addressing concerns that have been plaguing the economy.
- Rupee Depreciation: An orderly depreciation of the rupee, potentially paving the way for USD-INR to reach 89. Much needed support for export oriented businesses.
- Foreign Fund Flows: A possible shift in foreign fund flows following the bottoming out of the rupee.

The RBI's decision will have significant implications for the Indian economy, and all eyes are on Governor Sanjay Malhotra's first policy meeting.

NIFTY SPOT INTRADAY LEVELS
SUP 23570 23530 23450
RES 23640 23680 23740
BANKNIFTY LEVELS
SUP 50300 50150 50000 49800
RES 50500 50650 50800 51000

NIFTYFUTURE LEVELS
SUP 23670 23630 23590
RES 23740 23775 23825
BANKNIFTYFUTURE LEVELS
SUP 50535 50400 50270 50100
RES 50730 50850 50980 51180
www.flyingcalls.com

1.
2. Today's 07th Feb 2025
3. Nifty and Banknifty intraday levels posted visit : https://flyingcalls.com
4. Indian markets closed slightly lower on February 6
5. At the close, the Sensex slipped 0.27 percent, losing 213.12 points to settle at 78,058.16
6. while the Nifty declined 0.39 percent, down 92.95 points to 23,603.35
7. Midcap correcting over 1%, while the Smallcap more or less mirrored the movement of Nifty50
8. Among the sectors, Pharma and IT stood out as the top performers
9. While Realty and FMCG faced the steepest declines
10. FIIs sold equities worth Rs 3,549.95 crore
11. Domestic institutional investors (DIIs) bought equities worth Rs 2,721.66 crore
12. Asian currencies were trading mostly lower against the US dollar in the early Friday trade
13. RBI will delivery their interest rate decision at 10 am
14. The S&P 500 and the Nasdaq ended higher while the Dow closed lower after a choppy trading session on Thursday
15. The Dow Jones Industrial Average fell 125.65 points, or 0.28%
16. S&P 500 gained 22.09 points, or 0.36%
17. Nasdaq Composite gained 99.66 points, or 0.51%
18. Dollar index below 108
19. The yield on 10-year and 2-year Treasuries were little changed at 4.43%
20. Asian markets were set to mixed opening in early trade
21. Nikkei down 0.4% and Hangseng up 1%
22. GiftNifty indicates a positive opening for the index
23. Nifty facing a intraday resistance 23640 and 23680
24. If stays above 23680 will try to move 23740 and 23800
25. On flip side, Nifty considering a supports 23570 and 23530
26. Below 23530 finding a next supports around 23450

27. Our Blog visit : https://flyingcalls.com
28. Free Telegram channel link is https://t.me/FlyingcallsArjun

TRUMP NEWSFLOW FROM LAST NIGHT !

-> President Trump: "We will drive the price of oil down, everything will follow"

-> Trump reaffirmed "progress" made in stopping the Russia/Ukraine war

-> Japanese PM Ishiba will be meeting Trump in-person today

-> Panama President Mulino is expected to speak with Trump on a phone call

-> No details yet about Trump-Xi meeting

*WHAT HAPPENED OVERNIGHT*

-> SPX +0.36%, Nasdaq +0.51%

-> UST 10y yield increased 2 bps to 4.43%

-> Brent Oil -0.4% to $74.30

-> Dollar Index flat around 107.67

-> Amazon's posted slightly disappointing Q4 profits

-> Treasury Secy Bessent said he recently had a constructive meeting with Fed's Powell

-> Treasury Secy on US 10s: "Trump's goal of energy dominance, deregulation, and non-inflationary growth...10y yield will naturally come down"

Good morning friends 🌞

BANK OF ENGLAND RATE DECISION: 4.50%; EST. 4.50%; PREV. 4.75%