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Jun 10, 2021 4:32 PM

Ruchit Jain, Senior Analyst - Technical and Derivatives, Angel Broking

The support for Nifty is placed in the 15,600-15,550 range while resistance is seen around the 15,800 mark. A breakout above 15800 would then result into a continuation of the uptrend towards 16000 and beyond while a breach below the mentioned support would apply brakes to the optimism. Thus, it would be interesting to see how the weekly close pans out tomorrow. Although, a lot of stock specific activity could be seen and hence, traders should look to focus on potential outperforming stocks from a near term perspective.

Jun 10, 2021 4:19 PM

Sumeet Bagadia, Executive Director, Choice Broking

Technically, the Index has formed a Bullish Harami Candlestick on a daily time frame, which suggests strength in the index. Moreover, the index has taken support from 50-EHMA and closed above the same, which suggests a positive move for upcoming days. A momentum indicator MACD is also trading with a positive crossover as well as above the zero lines. At present, the Nifty seems to have resistance at around 15,850 levels while immediate support shifted up to 15,600 levels.

Jun 10, 2021 4:18 PM

Nagaraj Shetti, Technical Research Analyst, HDFC Securities

The short term uptrend status of Nifty remains intact and the recent weakness is expected to be overtaken in the short term. A sustainable move above 15,800 is expected to open another 200-300 points upside for the market ahead. Crucial support is placed at 15,600.

Jun 10, 2021 4:13 PM

Ajit Mishra, VP - Research, Religare Broking

Markets made a smart comeback after yesterday's slide and gained over half a percent. After the initial uptick, the benchmark gradually inched higher as the day progressed and settled around the day’s high. Markets are keenly eyeing the domestic developments viz. unlocking by states and progress of vaccination programs for cues. Going ahead, we feel the update on the monsoon will also be closely watched by the participants. Major global indices are currently seeing consolidation which may continue to trigger volatility in our markets too. Amid all this, we reiterate our bullish view and suggest using dips or further consolidation to accumulate quality stocks.

Jun 10, 2021 4:12 PM

Mohit Nigam, Head, PMS, Hem Securities

Nifty 50 gave closing above an important level of 15,700 and trading above 15,700 is positive from a short term perspective. Strong buying interest is seen in financial, pharma, metal and realty stocks while some selling pressure is witnessed in selected auto and consumer durable stocks. Bajaj Finance and Bajaj Finserv were the top gainers while ITC and Bajaj Auto were the top losers in Nifty 50 today. Immediate resistance levels for Nifty50 are 15,850 and 16,000 while key support levels for Nifty50 are 15,500 and 15,300.

Jun 10, 2021 4:03 PM

Manish Shah Founder Niftytriggrs.com

Nifty is seeing a contraction of the daily range and this adds to the uncertainty as to the direction of the market. Inside days are trend continuation pattern and in this case, also we have clear boundaries. A break above 15,800 should propel Nifty to 16,200 levels. On the other hand, a break below 15,550 will trigger a decline to 15,380. The next two days will be crucial for the market.

Jun 10, 2021 3:51 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

The markets have reclaimed the 15,700 level which is a positive sign. Yesterday we bounced from the 15,600 support which was a crucial move by the index. This reconfirms that the trend is positive. The Nifty should be headed to 15,900-16,000 and 15,600 continues to be the important level of support. Any intraday dip or correction can be utilized to go long on the markets.

Jun 10, 2021 3:49 PM

Rupee At Close | The Indian rupee ended lower by 9 paise at 73.06 per dollar, amid buying in the domestic equity market. The local currency opened flat at 72.95 per dollar against Wednesday's close of 72.97 and traded in the range of 72.94-73.12.

Jun 10, 2021 3:48 PM

Market At Close | Market breadth favours adavnces with advance-decline ratio at 4:1.

Jun 10, 2021 3:47 PM

Market At Close | Bajaj Twins (Bajaj Fin & Bajaj Finserv) back at record highs after a recent fall.

Jun 10, 2021 3:46 PM

Market At Close | Sensex rises 359points to 52,300 & Nifty 102 points to 15,738.

Jun 10, 2021 3:46 PM

Market At Close | Market ends near record closing high, led by financials.

Jun 10, 2021 3:44 PM

Market At Close | Here are the highlights of today’s trading session

- Market Ends Near Record Closing High, Led By Financials

- Midcaps Outperform Frontliners; Midcap Index At Record Close

- Sensex Rises 359 Points To 52,300 & Nifty 102 Points To 15,738

- Nifty Bank Gains 331 Pts & Midcap Index 421 Pts To 27,268

- Bajaj Twins (Bajaj Fin & Bajaj Finserv) Back At Record Highs After A Recent Fall

- Autos Underperform In A Strong Session; Bajaj Auto & Eicher Slip 1% Each

- DLF Gains Over 5% Ahead Of Quarterly Earnings; SAIL Up Over 3%

- Bata Surges 5% On Better-than-expected Q4 & Unlock Theme

- PSU Banks Continue The Gaining Momentum; PNB Up 5%, BoB Over 3%

- Dr Lal, Ujjivan, Indiabulls Hsg, NCC Amongst Top Midcap Gainers

- Media Group Stocks Post Healthy Gains; Den, Hathway Up Over 10% Each

-Market Breadth Favours Adavnces With Advance-Decline Ratio At 4:1

Jun 10, 2021 3:41 PM

Closing Bell | The Indian equity market ended higher Thursday led by broad-based buying across sectors. The Sensex jumped 358.83 points or 0.69 percent to 52,300.47; while the Nifty ended 102.40 points, or 0.65 percent higher at 15,737.75. Broader markets outperformed the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices closed 1.6 percent higher each.

Barring Nifty Auto, gains were seen across sectors led by PSU banks, metals, pharma, IT and realty indices. On the Nifty50 index, Bajaj Finance, Bajaj Finserv, SBI, Divi’s Laboratories and IndusInd Bank were the top gainers while Bajaj Auto, Eicher Motors, UPL, Adani Ports & SEZ and Shree Cement led the losses.

Jun 10, 2021 3:37 PM

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