Pre-market setting (June 11): Pre-market transactions with beautiful gifts 30 points higher; possible green and open markets
Dalal Street appears to be starting positively on Wednesday, June 11, as future delicacies for gifts hit 30 points to 25,174 points in early trade, suggesting continued buying momentum despite the recent merger. Analysts say that as long as beautiful deals exceed 24,850, bias remains positive, with new rally going to 25,350 times in the short term.
Technical Analysis
After a four-day streak, Indian stocks paused on Tuesday but took their own stance. Market observers are expected to bind range movement with bullish background colors. The key technical level of viewing is still 24,850, and the next break may invite a profit booking, but if the index continues above it, the transition to 25,350 and beyond is enough.
US Market
Overnight, the US market closed in green. The S&P 500 climbed 0.55%, Nasdaq stock rose 0.63%, and the Dow Jones rose 0.25%. Tesla’s rebound and optimism surrounding the U.S.-China trade discussions have cancelled sentiment.
Asia’s leaders paying attention to Wall Street
Asian stocks reflect optimism over the night. Futures show a solid tone – the hanging Seng Futures rose 0.2%, the S&P 200 rose 0.3%, and the Nikkei 225 rose 0.4%. The upward trend shows that global markets are optimistic about macro tips for easing trade tensions and stabilizing.
Indian VIX dropped to under 14 years old
India VIX cooled nearly 5% to 13.98, indicating a lower volatility and improved the appetite for risk. The decline in VIX is consistent with the view that markets may remain stable unless triggered by a global shock or major domestic event.
FII, DII is still a net buyer
Foreign institutional investors bought shares worth Rs 230.2 crore on Tuesday, while domestic institutions added Rs 111.13 crore – strengthening the strength of widespread participation. In the futures space, the short position of FII has dropped to Rs 93,024 crore, suggesting coverage or fresh long-term accumulation.
Rupee appreciated; dollar stable
The rupee strengthened 9 Paise against the dollar at 85.57 and was backed by strong foreign inflows and a stable U.S. dollar index. Meanwhile, as investors digest progress on the possible U.S.-China trade agreement, the Green Guard is stable.
commodity
As traders expect U.S. inflation data, gold prices are getting higher and higher. However, crude oil has declined amid weak demand in China and expected OPEC+ supply.
F&O Ban List: 6 Stocks Under Pressure
Manappuram, Abfrl, Chambal Fertilizer, IREDA, RBL Bank and Titagarh are still on the F&O ban list today, violating the 95% limit within the market scope.
prospect: The market is expected to open as FII supports gatherings, loose volatility and technologies that favor long-term positions. However, traders should closely watch the direction tips of 24,850.
