By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
MID-DAY MARKET UPDATE | 09 June 2025 — Cautious Optimism After Gap-Up Start
Technical Outlook | BTST Picks | Sector Performance | Global Cues
By CapitalKeeper.in — Your Financial Market Insight Partner
📊 Market Snapshot as of Mid-Day (12:30 PM IST)
Indian equity benchmarks started the day with a gap-up open, but have since witnessed mild profit booking at higher levels. Markets are consolidating after Friday’s strong rally and post-RBI rate cut euphoria. Here’s where we stand mid-session:
| Index | Opening Price | Current Price | Change (%) |
|---|---|---|---|
| Nifty 50 | 25,160.10 | 25,119 | -0.16% 🔻 |
| Bank Nifty | 57,049.50 | 56,882.75 | -0.29% 🔻 |
| Sensex | 82,574.55 | 82,482.88 | -0.11% 🔻 |
| Fin Nifty | 27,079.85 | 26,981.95 | -0.36% 🔻 |
🔍 Technical View: Index Action & Key Levels
Today’s price action suggests that indices are facing resistance near their recent highs. While the broader trend remains bullish, the intraday momentum has slowed, signaling possible consolidation ahead.
📌 Nifty 50
- Resistance: 25,200 / 25,280
- Support: 25,050 / 24,880
- RSI: 67 – healthy but nearing overbought.
- Price Action: Small Doji forming on 15-min chart – possible indecision.
📌 Bank Nifty
- Resistance: 57,150 / 57,400
- Support: 56,600 / 56,200
- MACD: Still bullish but flattening out.
- Volume declining – indicates loss of upside steam for now.
📌 Fin Nifty
- Resistance: 27,100 / 27,250
- Support: 26,800 / 26,650
- Watching for fresh cues post-lunch session from FIIs.
🌐 Global Cues Driving Sentiment (Global Cues Indian Market Today)
- US Markets (Friday): Dow +0.29%, Nasdaq +0.17% — Tech stocks supported gains.
- Asian Markets: Mixed trend. Nikkei +0.45%, Hang Seng -0.7%
- SGX Nifty: Indicates flat close ahead unless momentum builds in second half.
- Crude Oil: Trading stable at $79.10.
- Dollar Index: 104.20 – INR stable at 82.89/USD.
📌 No major global data today, but US CPI this week will be critical for global risk appetite.
🔬 Sectoral Performance Overview (Mid-Day)
🔼 Auto Sector: Continuing strong leadership
- M&M, Tata Motors, and Maruti showing sustained strength.
EV optimism and rural demand push driving auto index.
🔼 Pharma: Early signs of a short-term breakout
- Sun Pharma and Dr. Reddy’s gaining traction.
Could lead the rally if broader market turns sideways.
🔽 IT Sector: Mild profit booking
- Infosys and TCS slightly down as global tech pauses.
Wait for Nasdaq cues before fresh long.
🔼 FMCG: Stable
- ITC and Tata Consumer holding gains.
Defensive buying in FMCG continues amid high valuations in other sectors.
🔽 Banking & Financials: Consolidation
- HDFC Bank and Axis Bank under mild pressure.
PSBs like Bank of Baroda outperforming marginally.
⚡ Top 5 BTST Stocks for 10 June 2025
(SEO Focus: Best BTST Stocks Today, BTST Picks India 2025)
- Sun Pharma (CMP ₹1,687)
✔️ Strong daily breakout, volume support
🎯 Target: ₹1,711 | SL: ₹1,655 - M&M (CMP ₹3,085)
✔️ Auto sector momentum, RSI positive
🎯 Target: ₹3,156 | SL: ₹3,040 - Tata Consumer (CMP ₹1,116)
✔️ Continuation breakout post-consolidation
🎯 Target: ₹1,161 | SL: ₹1,002 - Bank of Baroda (CMP ₹248)
✔️ Bullish flag breakout on hourly chart
🎯 Target: ₹310 | SL: ₹226 - L&T (CMP ₹4,327)
✔️ Sustained institutional buying, good for carry
🎯 Target: ₹4,772 | SL: ₹4,1300
🧭 FII-DII Data from Last Session
- FII: Net buyers ₹2,180 Cr – Strong continuation post-RBI policy.
- DII: Net sellers ₹1,025 Cr – Booking profit at higher levels.
📌 Conclusion: FIIs remain supportive but cautious near resistance.
🔚 Mid-Day Strategy Summary
- Nifty & Bank Nifty are holding above key supports, but selling pressure at highs indicates caution.
- Watch for breakout above 25,200 (Nifty) and 57,150 (Bank Nifty) for directional move.
- BTST positions should be taken in trending sectors like Pharma, Auto & PSU Banks.
✅ Stay tuned for Closing Bell update by 3:45 PM IST.
📌 Final Word
The RBI policy impact has been clearly bullish, lifting sentiment across rate-sensitive sectors. Traders should continue to ride strength, but keep a close eye on resistance zones and profit-booking levels.
Stay tuned to CapitalKeeper.in for evening wrap-up and RBI event impact analysis.
📌 CONCLUSION
Mid-day market action reflects renewed bullish sentiment backed by firm global cues and selective sectoral strength. Watch for further strength in Banking and Auto in the coming sessions. Institutional flows and global risk appetite will be key drivers going into the close.
🔁 Stay tuned with CapitalKeeper.in for post-market insights, sector scans, and daily technicals.
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