Share India Securities Research
Share India Securities Research
June 10, 2025 at 01:45 AM
*MARKET TRENDS & STRATEGIES @ 7.15am – Tuesday, June 10th 2025* MARKET TRENDS: # Global: Positive # FII: (+1992.87 Cr) # DII: (+3503.79 Cr) # Sentiment: Bullish # Market Breadth: Positive # Technicals: Breakout Play. # F&O: 24500 – 26000 zone. # INDIA VIX 14.69 (+0.43%) # USD/INR (26th June) 85.72 # Nifty PCR (26th June) 1.20 # Bank Nifty PCR (26th June) 1.00 # Nifty Outlook: The ongoing bullish momentum is likely to do wonders for Nifty and its stocks. ‘Make hay while the sun shines’ continue to be the Gyan Mantra. # WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY: Nifty Technically: Nifty (CMP: 25103) SUPPORT: 24909/24801 RESISTANCE: 25300/26277 RANGE: 25000-25300 BIAS: Positive 21 DMA: 24812 50 DMA: 24166 200 DMA: 24079 Sensex (CMP 82445): SUPPORT: 81900/81300 RESISTANCE: 83100/85978 RANGE: 82100-83100 BIAS: Positive 21 DMA: 81647 50 DMA: 79586 200 DMA: 79255 Bank Nifty Technically: BANK NIFTY (CMP 56840): SUPPORT: 56300/55500 RESISTANCE: 57300/57900 RANGE: 56300-57300 BIAS: Positive 21 DMA: 55502 50 DMA: 54143 200 DMA: 51672 # Nifty: In Monday’s trade, Nifty started the day on a positive note, as the bullishness revolved around RBI’s Friday’s 50 bps rate cut announcement, as massive buying was the preferred theme and the positive takeaway was the Nifty ended on a positive note. Nifty’s all-time-high continues to be at 26277.35 mark. The technical landscape suggests Nifty’s major support at 24909 mark and then at 24801/24100. Nifty’s hurdles seen 25300/26277 mark. Nifty’s 200 DMA at 24079 mark. # Bank Nifty: In Monday’s trade, Bank Nifty started the session on a steady positive note and the positive takeaway was that the benchmark witnessed bullish momentum as the index scaled new all-time-high at 57049.50 mark. Massive bullish optimism was the preferred theme for Bank Nifty. Bank Nifty new all-time-high is at 57049.50 mark. Bank Nifty was seen mirroring Nifty’s bullish action, ending 0.46% higher as against Nifty’s 0.40% gains. Interestingly, Nifty PSU Banks ended 1.52% higher while Nifty Private Bank Index gained 1.03% higher. Intraday support for Bank Nifty now seen at 56300/55500 mark and then at 54483 mark on closing basis. In today’s trade and in near term, Bank Nifty is likely to face resistance at 57300/57900 mark and then at 57900 mark. Bank Nifty’s 200-DMA is placed at 51672 mark. Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries. 🇮🇳 🇮🇳 🙏🏻

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