11th June 2024 | Nifty is in Volatile

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NIFTY Prediction

Nifty opened with a gap up but consolidated throughout the day, ultimately closing in the red, down by approximately 50 points. On the daily charts, it reached a new all-time high of 23,412. After a rally of around 2,100 points since last week, we may see some consolidation in the near term. The Nifty is expected to drift towards the 23,000 – 22,600 range in the next few trading sessions. If it fails to sustain, it could fall to 22,930. On the upside, the immediate resistance zone is between 23,500 and 24,000, while the support zone lies between 23,000 and 22,600.

BANK NIFTY Prediction

Bank Nifty continued its pullback but encountered resistance around the 50,250 level. The sharp rally appears to be losing momentum and is now set for consolidation in the near term. Key support lies between 49,500 and 49,000, with an immediate hurdle in the 50,500 – 51,000 range.

Breakout Stock for Trading (Future, Option & Swing Trading) with Last Day Breakout

Sr.	Stock Name	Symbol	Links	% Chg	Price	Volume
1	The Ramco Cements Limited	RAMCOCEM	P&F | F.A	5.4%	876.75	4,673,073
2	Zee Entertainment Enterprises Limited	ZEEL	P&F | F.A	5.22%	164.41	36,227,048
3	Motherson Sumi Systems Limited	MOTHERSON	P&F | F.A	5.03%	164.58	48,604,636
4	Aarti Industries Limited	AARTIIND	P&F | F.A	4.65%	664.05	2,859,566
5	Shree Cements Limited	SHREECEM	P&F | F.A	4.46%	27239.7	68,197

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