
Share India Securities Research
June 11, 2025 at 01:53 AM
*MARKET TRENDS & STRATEGIES @ 7.15am – Wednesday, June 11th 2025*
MARKET TRENDS:
# Global: Positive
# FII: (+2301.87 Cr)
# DII: (+1113.34 Cr)
# Sentiment: Bullish
# Market Breadth: Positive
# Technicals: Breakout Play.
# F&O: 24500 – 26000 zone.
# INDIA VIX 13.98 (-4.83%)
# USD/INR (26th June) 85.63
# Nifty PCR (26th June) 1.20
# Bank Nifty PCR (26th June) 0.95
# Nifty Outlook: The benchmark Nifty is in striking distance of hitting its all-time highs @ 26277.35 — Bulls simply seen wondering what exactly could be the positive catalyst.
# WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
Nifty Technically:
Nifty (CMP: 25104)
SUPPORT: 24909/24801
RESISTANCE: 25300/26277
RANGE: 25000-25300
BIAS: Positive
21 DMA: 24821
50 DMA: 24195
200 DMA: 24081
Sensex (CMP 82392):
SUPPORT: 81900/81300
RESISTANCE: 83100/85978
RANGE: 82100-83000
BIAS: Positive
21 DMA: 81646
50 DMA: 79673
200 DMA: 79263
Bank Nifty Technically:
BANK NIFTY (CMP 56629):
SUPPORT: 56100/55500
RESISTANCE: 57100/57900
RANGE: 56300-57000
BIAS: Positive
21 DMA: 55561
50 DMA: 54243
200 DMA: 51701
# Nifty: In Tuesday’s trade, Nifty started the day on a positive note, but was seen consolidating all thru the trading session.
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 24081 mark.
# Bank Nifty: In Tuesday’s trade, Bank Nifty started the session on a cautious note as bullish consolidation was the preferred theme.
Bank Nifty new all-time-high is at 57049.50 mark.
Bank Nifty was seen slightly underperforming Nifty’s consolidative action, ending 0.37% lower as against Nifty’s 0.0% gains.
Interestingly, Nifty PSU Banks ended 0.52% lower while Nifty Private Bank Index slipped 0.17% lower.
Intraday support for Bank Nifty now seen at 56100/55500 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 51701 mark.
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