Trade setup for June 13: Top 15 things to know before the opening bell
If the Nifty 50 breaks below this support, a decline toward 24,670—the low of June 6—cannot be ruled out in the upcoming sessions. On the upside, 25,000 is expected to act as an immediate hurdle, according to experts.
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The market may remain rangebound in the upcoming session until it decisively surpasses the previous day’s high. Below are some short-term trading ideas to consider.
Trading Plan: Will Nifty 50 continue to outperform Bank Nifty?
The further fall in the India VIX supported the bullish bias. According to experts, a decisive breakout above the 25,200 zone can open the door to 25,500 for the Nifty 50, while support is placed at 25,000.
Trade setup for June 12: Top 15 things to know before the opening bell
Hence, if the NIfty 50 decisively closes and sustains above 25,200 zone, the rally toward 25,300-25,500 can be possible, however, the 25,000 is expected to be immediate key support zone, according to experts.
Trading Plan: Will Nifty 50 climb above 25,200, Bank Nifty hold 56,200 as VIX enters comfort zone?
According to experts, the Nifty 50 is expected to march toward the 25,200–25,300 zone in the upcoming sessions, followed by the 25,500 mark, if it consistently manages to defend the 25,000 level. Meanwhile, the Bank Nifty is likely to find support in the 56,200–56,000 zone, with resistance at 57,000. A move above this level may open the door toward the 57,500 zone.
Trade setup for June 11: Top 15 things to know before the opening bell
In the upcoming sessions, the Nifty 50 may extend its upward journey toward the 25,300 level, followed by 25,500 as a crucial resistance—provided it continues to defend the 25,000 mark as support, according to experts.
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The market may attempt to continue its upward journey amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
Technical View: 25,200 crucial for further upside in Nifty 50, VIX turns supportive: Bank Nifty snaps 4-day upside
The India VIX, the fear factor turned more supportive for bulls and it fell by 4.61 percent to 14.02 levels, the lowest level since April 4.
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The trend is expected to remain in favour of the bulls, despite intermittent profit booking in the upcoming sessions. Below are some short-term trading ideas to consider.
Trading Plan: Can Nifty 50, Bank Nifty extend northward journey for fifth consecutive session?
The Bank Nifty is expected to sustain its upward movement toward 58,000, as long as it holds above the 56,000 support level, experts said.
Trade setup for June 10: Top 15 things to know before the opening bell
According to experts, the underlying trend remains positive. The Nifty 50 is expected to face immediate resistance at 25,200, followed by 25,300, which is the 78.6% Fibonacci retracement level of the 26,277–21,744 move, as long as it holds above the 25,000 support level.
Technical view: Nifty could hit 25,500 as long as it holds 24,700, Bank Nifty needs to sustain above 57,120 for target of 57,900
Technical view: Bank Nifty hit a fresh lifetime high of 57,000 today. Analysts say that the overall trend in the index remains firmly positive.
Chartist Talks: Dharmesh Shah expects Nifty 50 to hold 24,500 this week, Bank Nifty to head toward 58,000 in coming months
Rate sensitive sectors like banking, NBFC, realty, auto, and capital goods would be in focus, going ahead, said Dharmesh Shah of ICICI Securities.
Trading Plan: Can Nifty 50 hold 25,000, Bank Nifty defend 56,000 as VIX offers comfort to bulls?
The Nifty needs to sustain above 25,000 for a move toward 25,116. A breakout above this level can open the door to 25,300, the next key resistance zone. On the downside, the 24,800–24,700 zone is expected to act as support, experts said.
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The momentum is expected to sustain in the upcoming session, though some profit booking at higher levels cannot be ruled out. Below are some short-term trading ideas to consider.
Trade setup for June 9: Top 15 things to know before the opening bell
According to experts, the levels to watch are 25,200–25,300 on the higher side, while support is seen at the 24,800–24,700 zones, followed by 24,500 as a key support for the Nifty 50.
Chartist Talks: SBI Securities' Sudeep Shah still sees nearly 4% upside in Bank Nifty, bullish on these 4 stocks
Technically, all the moving averages and momentum-based indicators suggest strong bullish momentum in the Bank Nifty index. The daily RSI is quoting at 67.45, and it is in rising trajectory, which suggests strong bullish momentum.
Is Bank Nifty getting ready for a new Bull run?
The combination of RBI’s rate cut, strong technical breakouts, and sector leadership puts banking stocks, particularly HDFC Bank and IDFC First Bank, in a sweet spot.
Option writing in consolidating markets: Shubham Agarwal
The consolidation is very contagious in nature. Once started it continues for some time, which gives the chance to Option writing opportunities.
Technical View: Surprise RBI move, easing VIX make Nifty bulls confident; sustaining above 25k crucial for upmove; Bank Nifty at new high
The India VIX — the fear gauge — fell for the fourth consecutive session and dropped below the 15 mark, closing at 14.63, down 3 percent, giving the bulls more comfort.
Experts pitch 14 rate-sensitive stocks after RBI surprises with larger repo cut, CRR action
After the RBI's Monetary Policy Committee reduced the repo rate by 50 bps to 5.5 percent, Moneycontrol collated a list of top 14 rate-sensitive stocks from experts with a shorter term investment perspective.
Trading Plan: Can Nifty 50, Bank Nifty maintain upward journey on RBI MPC policy day?
The bullish bias is expected to sustain, potentially taking the Nifty 50 towards the 24,900–25,000 zone as long as the key support at 24,500 holds.
Trade setup for June 6: Top 15 things to know before the opening bell
If the momentum sustains, the immediate hurdle for the Nifty 50 is seen at the 24,900 zone, followed by 25,000, as long as it holds above 24,500—the key support zone, according to experts.
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The RBI interest rate decision may provide direction to the market in the upcoming session. Below are some short-term trading ideas to consider.
