OPENING BELL | 10 June 2025 — Markets Extend Gap-Up Streak on Global Optimism
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
🛎️ Market Opening Snapshot
Markets opened on a strong note for the second consecutive session, riding on global risk-on sentiment, supportive FII flows, and optimistic cues ahead of key U.S. inflation data due this week.
| Index | Previous Close | Opening Price | Current Trend |
|---|---|---|---|
| Nifty 50 | 25,103.20 | 25,196.05 | Flat to Positive |
| Bank Nifty | 56,839.60 | 56,993.90 | Sideways with mild strength |
| Sensex | 82,188.99 | 82,574.55 | Holding gains |
| Fin Nifty | 26,992.85 | 27,082.80 | Stable open |
🔍 Technical View: Nifty, Bank Nifty, Fin Nifty
📌 Nifty 50 Analysis
- ✅ Immediate Resistance: 25,200
- ✅ Support Zone: 25,050
- 🔍 RSI: 68 – nearing overbought territory
- 📈 MACD: Positive crossover remains valid
- 🧭 Price Action: Nifty formed a bullish engulfing candle yesterday; now attempting to hold above it.
👉 A breakout above 25,200 could push towards 25,350, but any rejection might lead to pullback till 25,050.
📌 Bank Nifty Analysis
- ✅ Resistance: 57,100
- ✅ Support: 56,500
- 🔍 MACD: Sideways with a flat histogram
- 🔍 Volume: PSU banks outperforming private names
- 🧭 Momentum: Needs a close above 57,100 to confirm breakout continuation
📌 Fin Nifty Analysis
- ✅ Resistance: 27,150
- ✅ Support: 26,850
- 📌 FIIs remain buyers, providing support to NBFCs and leading lenders
- Key watch: HDFC, ICICI, and SBI — strong open interest build-up
🌐 Global Cues Driving Sentiment
- US Markets (Monday): Dow +0.18%, Nasdaq +0.35% – Investors await CPI data (June 12).
- Asian Markets: Positive tone — Nikkei up 0.8%, Kospi up 0.4%
- SGX Nifty: Suggests firm footing above 25,150
- Crude Oil: Brent steady near $81.50 – neutral for Indian energy sector
- US Dollar Index (DXY): Flat near 104 – INR stable at 82.91
📌 No major domestic event today, but the street awaits the US CPI and Fed Meeting later this week.
🧭 Sectoral Trends at Open
✅ Auto Sector: Continues leadership
- M&M, Maruti, and Tata Motors rising with renewed demand sentiment
- Rural recovery & June sales optimism fueling traction
✅ Pharma Sector: Breakout under way
- Sun Pharma, Cipla, and Dr. Reddy’s up 0.5%–1%
- Defensive bet and global pharma tailwinds support strength
🔼 PSU Banks: Stable Start
- Bank of Baroda and SBI see steady open; outperformance expected if Bank Nifty holds 56,800
🔽 IT Sector: Slightly weak
- TCS and Infosys subdued as tech consolidation seen in US
🔽 Metal Sector: Cautious tone
- JSW Steel, Tata Steel slightly down due to global demand concerns
⚡ Top 5 Active Stocks for Intraday – 10 June 2025
Sun Pharma (₹1,692)
- Strong continuation breakout
🎯 Target: ₹1,778 | SL: ₹1,675
- M&M (₹3,099)
- Fresh breakout in auto space
🎯 Target: ₹3,180 | SL: ₹3,040
- Fresh breakout in auto space
- SBI (₹820.50)
- Holding 50-DMA; bullish structure
🎯 Target: ₹840 | SL: ₹818
- Holding 50-DMA; bullish structure
- ICICI Bank (₹1,422)
- Positive OI addition, watch above ₹1,128
🎯 Target: ₹1,445 | SL: ₹1,410
- Positive OI addition, watch above ₹1,128
- HUL (₹2,385)
- Defensive rotation observed
🎯 Target: ₹2,470 | SL: ₹2,350
- Defensive rotation observed
💼 FII-DII Participation (Previous Day)
- FII Net Buying: ₹2,354 Cr
- DII Net Selling: ₹942 Cr
💡 Consistent FII inflows are anchoring the current uptrend, especially in banks and autos.
✅ Opening Bell Strategy Summary
- 🔸 Nifty must sustain above 25,200 for fresh momentum; else sideways with support near 25,050.
- 🔸 Bank Nifty testing 57,000 – a close above this level today could lead to 57,400 this week.
- 🔸 Stay long on Auto, Pharma, and PSU Banks for intraday trades.
- 🔸 Wait-and-watch in IT & Metals till U.S. inflation data gives global risk clarity.
📢 Stay tuned for Mid-Day Market Review and BTST picks at 1:00 PM IST.
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Pro Tip for Today
“Avoid chasing gap-ups. Let the first 30–45 minutes settle the direction. Focus on breakouts from consolidation zones in high-beta sectors.”
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CapitalKeeper’s View
The market continues to show resilience. Traders should maintain a cautiously bullish outlook. Sector rotation is playing a major role, and volatility may increase toward F&O expiry. Focus on technically sound breakouts and avoid chasing extended rallies.
🔍 By CapitalKeeper.in — Your Trusted Financial Insight Partner
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