- On the daily timeframe, the Nifty Infra index has given a breakout from a Flag & Pole pattern, indicating a continuation of the uptrend in the near term. The index has also closed in the green for the past three sessions, reflecting sustained buying interest.
- Both the 20 and 50 EMAs are acting as dynamic support levels, reinforcing the ongoing bullish sentiment, as long as these supports remain intact on a closing basis.
- For the week ahead, key support levels are placed at 9,000 and 8,940, while resistance is seen at 9,200 followed by 9,400.
| Outperformers | Underperformers |
|---|---|
| GODREJPROP, DLF | CG POWER |
NIFTY REALTY
Date: 09-Jun-2025
- The Nifty Realty index ended the week on a strong note, forming a bullish candlestick and confirming a breakout above the falling trendline on the weekly chart. This development indicates a positive outlook for the near term.
- From a momentum perspective, the RSI is comfortably positioned above the 60 mark, reinforcing the ongoing uptrend and signaling continued strength in the index.
- Key levels to watch for the upcoming week include resistance at 1050 and 1088, while immediate support is placed at 1022, followed by 1010.
| Outperformers | Underperformers |
|---|---|
| ARTNIRMAN, HUBTOWN | KRISHNA VENTURES |
NIFTY FINANCE
Date: 09-Jun-2025
- The Nifty Financial Services index gained nearly 1.5% in the previous week, forming a reasonable bullish candle and marking a fresh alltime high at 26,922. On the hourly timeframe, a breakout from the descending channel further strengthens the positive structure.
- Momentum indicators, particularly RSI, are trending higher, reinforcing the ongoing strength. Sectors like insurance, capital markets, and NBFCs are showing promise following the index breakout.
- The overall outlook remains bullish as long as the index holds above 26,350. Key support lies at 26,500, while resistance is seen at 27,000 and 27,200 levels.
| Outperformers | Underperformers |
|---|---|
| AJCON, HYBRIDFIN | SODFC, ARYAN |
NIFTY PSU BANK
Date: 09-Jun-2025
- The Nifty Metal index advanced by approximately 2.3%, forming a bullish candlestick on the daily chart. The index is now establishing a higher bottom pattern, indicating a strengthening bullish structure and signaling potential upside in the near term.
- From an indicator perspective, the RSI is trending upward, reflecting improving momentum. Notably, the index has broken out of a narrow consolidation range of 9,400–9,110, observed over the past 10 sessions.
- As long as the previous week's low is intact, the outlook for the Nifty Metal index remains positive. On the upside, key resistance levels are seen at 9,500 and 9,600.
| Outperformers | Underperformers |
|---|---|
| CUBEXTUB, KAJARIR | MFSINTRCRP, LLOYDSME |
Sector Performance
Pick of the week
| Scrip | Trade | Entry above | Target | Stop loss |
|---|---|---|---|---|
| L&T finance | BUY | 189-190 | 210 | 180 |
Rationale
- L&T Finance is showing a strong technical setup. The previous month’s candle formed an inside bar pattern, and based on historical behavior, breakouts following such patterns tend to deliver sustained moves.
- Adding to the conviction, the stock has also confirmed a breakout from a multi-year consolidation — nearly 8 years, which significantly strengthens the bullish view. The breakout is similar to cup & handle
Drumil Nitin Vithlani
Digitally signed by Drumil Nitin Vithlani Date: 2025.06.09 09:11+05:30
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