Eight stock calls to watch on June 10 as Nifty holds above critical 25,000 level; global cues firm up bullish mood
The Indian stock market kicked off the new week on a firm note, driven by renewed optimism in both local and global cues. With Nifty 50 closing comfortably above the key 25,000 mark and Bank Nifty climbing further, the mood heading into Tuesday’s session is cautiously optimistic.
Market participants are watching the charts closely. That 25,000 mark isn’t just another number—traders and analysts see it as a line in the sand. Slip below, and we may have a problem. Hold firm, and there’s room to run.
Nifty 50 stays on track — but 25,000 is the make-or-break level
Monday’s close at 25,103.20 was modestly higher, up about 0.4%. Not earth-shattering, but steady enough to suggest the uptrend isn’t done yet. According to Shrikant Chouhan of Kotak Securities, as long as Nifty stays above the psychological 25,000 level, the rally could stretch towards 25,350 to 25,400.
Break that base? That’s when things could get dicey.
Bank Nifty also joined the party, tacking on 0.46% to end the session at 56,839.60. Mehra from SAMCO Securities pointed to the 56,100–56,200 zone as the new breakout floor.
One-line takeaway? Momentum is alive, but the floor can’t crack.
Global winds blowing in India’s favor again
It’s not just local charts and earnings pulling the strings. Wall Street’s tone has helped too. Last week’s stronger-than-expected U.S. jobs data offered a double-edged sword—recession fears dimmed, and equity appetite bounced back.
Add to that: talks between the U.S. and China are finally making progress again. Markets don’t need a resolution. Just hope.
Domestically, investors have been encouraged by the RBI’s bold moves. A mix of rate cuts and a surprise CRR tweak have opened up liquidity channels and made financial stocks especially attractive. Midcaps, in particular, are basking in the glow.
Here’s what gained Monday:
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Nifty Midcap 100: +1.2%
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Nifty Smallcap 100: +1.5%
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Financials, IT, Metals, Healthcare: all in green
And let’s not ignore the elephant in the room—FII inflows. They’ve been quietly adding to their positions, supporting the trend.
Stocks to Buy or Sell on Tuesday: Analyst Picks
Market movers need more than just index watching. Here’s what analysts are talking about for June 10:
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Buy: Infosys — Seen gaining from global tech rebound and rupee tailwind
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Buy: JSW Steel — Metal prices stabilizing, China demand showing green shoots
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Buy: Sun Pharma — Defensive play, solid earnings momentum
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Sell: Bharti Airtel — Valuations stretched post recent rally
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Sell: HDFC Life — Under pressure from regulatory overhang
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Buy: ICICI Bank — Strong loan growth, healthy margins
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Buy: L&T — Infra push, order book strong, bullish setup on charts
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Sell: Zomato — Profit booking likely after steep run-up
These calls are based on near-term technical setups and sector-specific cues.
A quick technical glance: where key indices stand now
Let’s break down the critical levels and what they mean:
| Index | Support Level | Resistance Zone | Technical Bias |
|---|---|---|---|
| Nifty 50 | 25,000 | 25,350–25,400 | Bullish |
| Bank Nifty | 56,100–56,200 | 57,700–57,900 | Bullish |
| Sensex | 82,400 | 83,100 | Neutral-Bullish |
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Holding above these support zones signals further gains.
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A breach below may prompt fast corrections.
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RSI levels remain comfortably placed; no major overbought signals yet.
What to watch today beyond just the numbers
Not everything boils down to charts or central bank moves. Sentiment is being shaped by softer signals too. Global cues, FII flows, and policy hints remain on traders’ radar.
One big concern? Inflation. If domestic CPI data due later this week surprises on the upside, rate cut euphoria may get trimmed.
On the flipside, positive policy messaging ahead of Budget 2025 prep could spark renewed optimism.
Short paragraph alert: Watch crude prices too. A sudden spike there could dampen the mood.
