MARKET BREAKOUT
Two Trades for Today: A hydro power PSU for over 8.5% rise, a large-cap private bank for almost 4% upmove
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Nifty appears primed for breakout but wait for a pull back: Geojit’s Anand James
Geojit Investments' Anand James anticipates a Nifty breakout targeting 25460-26200, advising caution and waiting for a pullback before 24863. Bank Nifty's outperformance is noted, with a watchful eye on the 58400 mark. Small caps show strength but may consolidate.
Momentum Alert! June 10–11 to offer big moves, eyes on June 16 for trend shift: Harshubh Shah
Nifty50 closed above 25,000 for the first time since May, driven by a surprise 50 bps rate cut and CRR reduction. June 2 marked a key reversal point, validating the price-time strategy. With momentum building and critical dates ahead, traders should watch June 10–11 for breakout moves and June 16 (±1 day) as a potential trend-defining window.
FIIs turn sellers again in June, but markets ignore the Rs 3,565 cr exit
FIIs turned net sellers in early June after May's strong inflows, offloading Rs 3,565 crore in equities amid global uncertainties. In contrast, DIIs bought Rs 25,510 crore worth of stocks, stabilizing the market. The RBI’s surprise rate cut boosted sentiment, and experts see potential for a Nifty breakout above 25,200, though caution remains due to high valuations and global risks.
US markets, FII action among 7 factors that can steer D-Street this week
Nifty formed a bullish engulfing pattern, signaling strength as it eyes a breakout above 25,100. RBI’s surprise rate cut lifted equities and the rupee, while FIIs turned net sellers for June. Key corporate actions, SME IPOs, and crude oil trends will guide market sentiment this week. Tata and Adani Group stocks are in focus for dividend-related movements.
Dalal Street Week Ahead: Nifty near breakout as resistance seen at 25,100; PSU banks, energy lead sectoral momentum
The Nifty showed signs of upward movement after a two-week consolidation, closing with a weekly gain of 1.02%. It faces resistance at 25,100-25,150, and a breakout is needed for a sustained uptrend. PSU Banks are expected to outperform, while IT shows bottoming-out signs. A cautiously positive approach is advised, focusing on profit protection and strong technical setups.
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F&O Talk | June series shows positive bias for Nifty, Bank Nifty over 18-year trend: Sudeep Shah
Markets ended the week nearly 1% higher despite global headwinds, driven by the RBI's surprise 50 bps rate cut and a strong breakout in Bank Nifty. Nifty neared 25,000 amid positive momentum and falling volatility.
Midcaps, smallcaps may rally another 3–4% amid strong buying interest: Rajesh Palviya
Rajesh Palviya sees continued momentum in midcap and smallcap stocks, citing chart breakouts and strong investor interest, with potential for a further 3–4% rally ahead.
F&O Radar | Deploy Short Strangle in Nifty to benefit from volatility, Theta
The Nifty index remains in an uptrend but is consolidating between 24,500 and 25,100, with sectoral strength in Realty, Financials, and PSU Banks. A breakout seems unlikely soon without broad participation. Experts suggest a Short Strangle options strategy to benefit from volatility contraction in this range.
Reliance’s earnings engine set to rev up after years of heavy capex: Sandip Sabharwal
Sandip Sabharwal discusses the compelling nature of gold due to global uncertainties and monetary policy issues, while the outlook for silver is less clear, despite a historical correlation between the two. China's rare earth magnet supply restrictions are impacting various industries, particularly autos, creating near-term uncertainty.
Dr. Reddy’s shares rise over 1% on strategic collaboration with Alvotech for Keytruda Biosimilar
Dr. Reddy’s Laboratories has partnered with global biotech firm Alvotech to co-develop and commercialize a biosimilar of Keytruda (pembrolizumab), an immunotherapy drug with $29.5 billion in global sales in 2024. The collaboration aims to leverage Alvotech’s R&D strengths and Dr. Reddy’s commercial reach to tap into the fast-growing oncology biosimilars segment and expand global market presence.
Two Trades for Today: A metals major for almost 9% gain, an e-commerce large-cap for 6% rise
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Stock Radar: Strides Pharma breaks out from 7-month consolidation to hit fresh 52-week high; time to buy?
Strides Pharma Science stock shows positive movement. It broke a seven-month consolidation phase. Experts suggest a buy with a target of Rs 960 in 1-2 months. The stock demonstrated strong momentum, breaking resistance at Rs 760. Technical indicators support a bullish outlook. A stop loss is advised at Rs 750 for risk management. Market participation has increased.
RCB’s IPL 2025 victory mirrors a classic market breakout. Here’s how
Following years of underperformance despite a star-studded lineup, RCB's title run is now seen as a model for sustained success—driven by patience, resilience, and well-timed momentum. Similar to a fundamentally strong stock caught in a prolonged sideways phase, the team remained overlooked and underrated, steadily working toward its breakout moment.
Two Trades for Today: Two railways stocks, one for an over 8% surge, and another for almost 7% upmove
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Commodity Radar: Crude Oil caught between war winds and OPEC’s supply surge. 3 things charts suggest
crude oil price today,: Crude oil prices remained steady amid conflicting pressures—rising OPEC+ output and bearish sentiment were offset by Canadian wildfires, tight global inventories, and strong travel demand ahead of summer.
Two Trades for Today: Two alcoholic beverages and distillery stocks for gains of close to 4.5% and 7%, respectively
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Commodity Radar: What’s driving copper’s drop and how to trade it
copper price today: As of 2 PM, June copper contracts on the MCX were trading at ₹863.70, marking a decline of ₹4.15 or 0.48%. Meanwhile, copper futures on the COMEX stood at $4.74 per pound, down $0.11 or 2.26%.
F&O Radar| Deploy Bull Call Spread in CAMS to play bullish momentum
CAMS shares have broken out of an ascending triangle pattern with strong volume, indicating renewed buying interest. Derivative analyst Mandar Bhojane sees a bullish setup supported by momentum indicators and suggests a rally toward Rs 4,400–Rs 4,600 if the stock sustains above Rs 4,140. He advises deploying a Bull Call Spread strategy, with key support at Rs 3,850 and stop-loss at Rs 3,800.
Two Trades for Today: A realty major for close to 6% rise, a mid-cap construction stock for almost 7% gain
Technical analysis identifies select stocks that may gain momentum even in volatile markets. Here are the technical calls for today.
Crypto Prices Today: Bitcoin tops $105,000 as market eyes Fed signals and institutional flows
Bitcoin topped $105,000 on Monday, rebounding from weekend lows amid institutional buying and macro-driven optimism. Market focus is now on Fed signals and key resistance levels. While Ethereum slipped, altcoins saw modest gains. Experts see Bitcoin consolidating with upside potential, despite ETF outflows and recent volatility. Forecasts hint at long-term targets near $180,000–$250,000 by year-end.
Bank Nifty is looking more promising compared to the Nifty: Rajesh Palviya
Rajesh Palviya of Axis Securities sees potential Bank Nifty breakout above 55,800. This could lead to new highs, fueled by PSU bank accumulation. Nifty and Bank Nifty rollovers are high. A Nifty breakout above 24,900 could trigger a rally to 25,200. BSE, IndiGo, and Bharti Hexacom are strong. BSE could reach 2800-2900. IndiGo may hit new highs above 5400-5450.
Is the BFSI sector set for a major breakout in June?
Several stocks, particularly in the BFSI sector, are showing bullish signals with increased open interest in the June series. PNB, Bank of India, Manappuram Finance, SBI Cards, and SBI are poised for potential breakouts. BSE is also exhibiting strong upside potential due to regulatory changes, while Inox Wind sees continued bullish momentum with high rollover rates.
Nifty's breakout above 25,150 to pave way for 25,500: Analysts
Nifty is expected to consolidate this week. It will face resistance around 25,100-25,150 zone. A breakout could lead to 25,500-25,700 levels. Support is seen at 24,500-24,600. Analysts suggest accumulating quality stocks on dips. Sectors like financials and infrastructure are in focus. RBI policy and earnings season conclusion will influence market volatility. PSU banks and realty may outperform.
Stock Radar: Breakout from an inverse Head & Shoulder pattern makes DLF an attractive buy; check target & stop loss
DLF Ltd, a residential real estate company, has broken out from an inverse head and shoulder pattern, signaling a potential uptrend. Experts suggest short-term traders consider buying the stock with a target of Rs 840 within 1-2 months. The bullish reversal pattern, confirmed by a neckline breakout, indicates a shift from a downtrend.
F&O Talk | June series seasonality favors bulls: Nifty ends positive in 11 of last 18 years: Sudeep Shah
Markets ended the week in consolidation amid global uncertainty. Nifty and Bank Nifty show signs of potential breakouts, supported by strong rollover data. June has historically shown positive returns. PSU Banks, Metals, and Financials may outperform, while HDFC Bank and ICICI Bank signal upside. Ola remains weak.
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