CONTINUATION SEEN 10.06.25

CONTINUATION SEEN 10.06.25

By Dr C K Narayan

June 10, 2025

No jitters in the new week as both indices continued higher. Although most gains went away with the gap and the usual behavior of consolidation thru the day occurred, the upside traction is maintained. Today market seems set to continue. Now, we had a buy on BankNifty above 56000 and that trade is a 1000-point in the money. My target is around 2000+ points so, ideally, we should be holding. I am using a trailing stop approach. But each to his own. Similarly NF was a buy above 25K and that too is now in the money. I have also been stating that one should engage in swing trades rather than day trades. So, even if indices and stocks languish a bit, don’t worry. Play the bigger cycle here.

SBI trade is a good example of this. We went long in this one below 810 and had to endure some huffing and puffing- without the trade being threatened in any way- and it has started moving now. Remain long for targets of 834 and 851 ahead.

Since NBFC are big beneficiaries, one should have a name or two as a trade vehicle. Poonawala Fincorp seems to be revving up for 460-485 range (cmp 432). Jio Fin looks decent for continuation. LT Fin was mentioned yesterday. To continue that one too.

  • Insight
    RBI POLICY POSITIVE IMPACT 09.06.25
  • STOCK OF THE MONTH: SHAKTI PUMPS June 25
    STOCK OF THE MONTH:  SHAKTI PUMPS        June 25

Related Insights

NIFTY GETTING POISED NOW FOR AN UPMOVE? 06.06.25
NIFTY GETTING POISED NOW FOR AN UPMOVE? 06.06.25

Everyday we make scenarios for an upside in Bank Nifty and every day it postpones to the next day! For the record though, the closing of the day was higher but the candle for the day shows shadows on both ends. So, that is continued high uncertainty. Now, RBI policy...

By Dr C K Narayan

06 Jun, 2025

MARKET POISED FOR ANOTHER RATE CUT?		01.06.25
MARKET POISED FOR ANOTHER RATE CUT? 01.06.25

The Bank Nifty pushed up to a good close on Friday. It seems that the market is anticipating a third rate cut on Jun 6th when the RBI meets. In addition, the GDP numbers pipped past 7% once again. While there may be naysayers still around to say the current...

By Dr C K Narayan

01 Jun, 2025

A Seasonal Surge in the Power Sector
A Seasonal Surge in the Power Sector

As the mercury climbs each summer, so does the demand for electricity across the country. Air conditioners, refrigerators, and industrial cooling systems run full throttle, putting the power grid under tremendous pressure. But for market participants, this seasonal surge often brings a ray of opportunity. Historically, power stocks have displayed...

By CKN Staff

17 Apr, 2025

Telecomm Sector Buzzing – Best Picks from the Sector
Telecomm Sector Buzzing – Best Picks from the Sector

The Indian telecommunications sector is currently undergoing a period of significant transformation, supported by a series of government-backed initiatives, structural investments, and policy-driven changes that are poised to enhance both infrastructure and service delivery across the country. At the heart of this momentum lies a strong political and economic push...

By Insights Team

05 Apr, 2025

Featured Items