MID-DAY MARKET UPDATE – 10 June 2025
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
“Markets Trade Range-Bound; Sugar Sector Sizzles, BPCL 325 CE Active”
— Indian Stock Market Technical Analysis with Global Cues & BTST Picks
✍️ By CapitalKeeper.in
🕛 Mid-Day Index Snapshot (12:30 PM IST)
| Index | Open | Mid-Day Price | Trend |
|---|---|---|---|
| Nifty 50 | 25,196.05 | 25,134.90 | Mild Profit Booking |
| Bank Nifty | 56,993.90 | 56,662.00 | Slightly Weak |
| Sensex | 82,643.73 | 82,474.74 | Sideways |
| Fin Nifty | 27,082.80 | 26,871.55 | Consolidating |
📉 Technical Analysis: Nifty and Bank Nifty
🔹 Nifty 50 Outlook
- ⚠️ Resistance: 25,200
- 🔻 Support: 25,050
- Price action: Nifty gave up morning gains; failed to hold above the resistance zone.
- Indicators: RSI near 66 – still healthy, but losing momentum. MACD showing flattening.
Intraday Strategy: Avoid aggressive longs unless Nifty closes above 25,200. Any dip near 25,050 can attract fresh buying.
🔹 Bank Nifty Outlook
- ⚠️ Resistance: 57,100
- 🔻 Support: 56,500
- Price action: Bank Nifty opened strong but faced selling pressure. Private banks look subdued.
Watch Zones: Hold above 56,500 is crucial for bulls. If it breaks, expect 56,200–56,000 retest.
🌐 Global Market Cues: What’s Moving the Market?
- US Futures: Mildly lower ahead of key CPI data tomorrow
- Asian Markets: Mixed tone; Nikkei up 0.2%, Hang Seng down 0.5%
- Crude Oil: Stable near $82/barrel – neutral for India
- DXY (Dollar Index): Slightly firm near 104.3 – not much pressure on INR yet
📌 Global Cues Today: Traders are cautious ahead of major inflation readings and the upcoming FOMC decision, which could influence global liquidity.
📢 Sector Watch: What’s Hot Mid-Day
🚀 🔥 Sugar Sector Buzzing – Keep On Radar
- Stocks in Focus:
- Renuka Sugars – ₹34.20
- Dhampur Sugar – ₹152.50
- Uttam Sugar – ₹319.30
- K M Sugar – ₹30.50
- Triveni Engineering – ₹433.50
🔍 Reason: Buzz around ethanol policy reforms, monsoon coverage picking up pace, and sugar inventory rebalancing.
📈 5 Active Stocks for BTST – 10 June 2025
- ✅ BPCL 325 CE (CMP ₹7.5)
- Strong call writing cleared, breakout above ₹325 CE visible
- 🎯 Targets: ₹15 / ₹20+
- 🔐 SL: ₹4
- Volume Surge + Oil support
- ✅ Renuka Sugars (CMP ₹34.10)
- Price + Volume breakout from base
- 🎯 Target: ₹55+
- 🔐 SL: ₹29
- ✅ Tata Power (CMP ₹410.50)
- Bullish structure + Renewables buzz
- 🎯 Target: ₹428
- 🔐 SL: ₹400
- ✅ IndusInd Bank (CMP ₹845)
- Holding support near ₹836; may bounce into closing
- 🎯 Target: ₹864
- 🔐 SL: ₹836
- ✅ Cipla (CMP ₹1,510)
- Pharma sector rotation; breaking out of 3-week consolidation
- 🎯 Target: ₹1,540
- 🔐 SL: ₹1,485
🧾 FII-DII Activity Preview (Expected)
- FII Flow: Likely sideways; yesterday’s net buying was ₹1,725 Cr
- DII Flow: Buying in Pharma, Power, and Consumption sectors
📌 Mid-Day Summary & Strategy
- Markets are sideways-to-negative, digesting last week’s RBI rally.
- Profit booking visible in Banks and Financials.
- Sugar stocks, BPCL 325 CE, and Pharma are the traders’ favorite for afternoon BTST setups.
- Global mood is cautious — watch for US inflation data impact tomorrow.
📈 Keep SLs tight as volatility can spike due to global macro shifts.
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