Relitrade Group

Relitrade Group

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Relitrade Group
Relitrade Group
June 10, 2025 at 03:32 AM
*DAILY EQUITY REPORT* *TECHNICAL OUTLOOK*  The benchmark index traded on a positive note and closed with a 0.40% gain at the 25,103 level. The banking index performed in line with the benchmark index as it closed with a 0.46% gain at the 56,840 level  India VIX closed with 0.43% gain at 14.69 level  Among sectors, PSUBANK and ENERGY outperformed the benchmark index as they closed with 1.52% and 1.19% gains, while DEFENCE and REALTY were the laggards as they closed with 0.21% and 0.14% cuts respectively. The broader market outperformed the benchmark index, as both MIDCAP and SMALLCAP index closed with a 1.19%and 1.57% gains respectively  US markets, such as the DJIA traded with mild negative bias while European markets, including the DAX closed with negative sentiment in the previous trading session. Asian markets are trading with positive bias in today’s trading session *POSITIONAL MARKET OUTLOOK*  The benchmark index traded opened gap-up, traded sideways, and closed positive in yesterday’s trading session. Looking ahead, 24,500 will serve as a crucial support level, while 25,300 will act as immediate resistance for the index. The index is anticipated to continue trading with positive momentum and is expected to sustain above the 25,150 level, which would confirm a breakout from the current consolidation pattern. It is recommended to maintain a long position, as any dip towards the 24,900 to 24,700 range should be viewed as a buying opportunity. A stop loss should be set at 24,500, and potential upward targets are projected to reach between 25,300 and 25,500 in the coming days.  The banking index performed in line with the benchmark index and closed with a Bullish sentiment in the previous trading session. Looking ahead, the level of 55,200 will serve as crucial support for the index, while 57,600 will act as an immediate resistance level. The index is expected to continue trading with positive sentiment in the coming days. Recommendation is to maintain a positive outlook, and any dip towards the 56,500 – 56,200 range should be considered a buying opportunity. A stop loss can be set at 55,200, with the potential to target higher levels of 57,600 to 58,000. *INTRADAY MARKET OUTLOOK WITH CRUCIAL LEVELS*  The benchmark index is expected to open higher and trade with positive sentiment in today’s trading session. The support level for the index is placed at 25,000 – 24,850, and resistance is positioned at 25,300 – 25,500 levels.  The banking index is likely to trade in line with the benchmark index in today’s trading session. The support level is placed at the 56,500 – 56,200 level, and resistance at 57,200 – 57,600 level. *Disclaimer:* The above view is for educational purposes only. Trading carries significant risks and may not be suitable for all investors. Please conduct due diligence before investing, as past performance does not guarantee future results.

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