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Trade Setup for Thursday: Top 15 things to know before Opening Bell

Key support level for the Nifty is placed at 10,052.4, followed by 9,988.6. If the index moves up, the key resistance levels to watch out for are 10,164.4 and 10,212.6.

June 10, 2020 / 11:56 PM IST

Key indices -- Sensex and Nifty -- ended with healthy gains on June 10 amid mixed global cues awaiting announcements from the Federal Open Market Committee (FOMC) scheduled for later today (June 10).

The Sensex ended the day with a gain of 290 points, or 0.86 percent, at 34,247.05. The Nifty settled 70 points, or 0.69 percent, higher at 10,116.15.

In sync with the benchmarks, BSE Midcap and Smallcap indices closed 0.81 percent and 0.92 percent up, respectively.

"Although the US Federal Reserve is expected to maintain status quo, the market will be looking out for any hints, which could impact it, and the direction: depending on whether it is hawkish or dovish in tone. We would suggest increasing allocation in quality names," said Vinod Nair, Head of Research at Geojit Financial Services.