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Sensex, Nifty poised for a muted start today; Key levels to track on June 11

11 Jun , 2025   By : Debdeep Gupta


Sensex, Nifty poised for a muted start today; Key levels to track on June 11

Benchmark indices Nifty and Sensex are set for a quiet start on June 11, with GIFT Nifty hinting at a flat open near 25,181, up just 0.1 percent. Since the beginning of the year, the two are up 5.7 and 5 percent, respectively.


Dalal Street ended a volatile session on June 10 with modest losses, as the bulls hit pause after a four-day rally. The Nifty 50 faced stiff resistance around the 25,100 mark, while the Sensex slipped slightly. Broader indices also lacked momentum, reflecting cautious sentiment across the board. The Nifty Midcap 100 closed marginally lower, while the Smallcap 100 managed slim gains.


On the institutional front, FIIs bought shares worth Rs 16,548.24 crore and sold shares worth Rs 14,246.37 crore. However, they remain net sellers in 2025, having offloaded over Rs 1.22 lakh crore so far. Domestic investors have helped balance the scale, with DIIs stepping up to buy shares worth nearly Rs 3.04 lakh crore during the same period.


Here are the key levels to watch out for on June 11


For Nifty, a decisive move above 25,150 could reinforce the prevailing uptrend and potentially propel the index toward the 25,300 range. Conversely, any substantial weakness will only become evident if the Nifty falls below the 24,800 level—until then, dips are likely to attract fresh buying interest. Momentum indicators continue to support the bullish outlook, with the Relative Strength Index (RSI) trading consistently above the 60 mark, indicating sustained strength in the market.


"A decisive push above 57,100 for the Bank Nifty can potentially unlock the next leg higher toward the 57,500–57,700 zone, backed by renewed bullish momentum. On the downside, any genuine weakness will only emerge if 56,400 is breached, but even then, the 56,000 zone is likely to attract fresh buying interest," Dhupesh Dhameja of SAMCO Securities said. "Momentum indicators continue to favour the bulls; the RSI has been sustaining above 65 levels, indicating strength in the current trend. Also, the index is still holding above its short-term moving averages, adding more confirmation to the bullish bias," he added.


India VIX experienced a notable decline, dropping by 4.61 percent to close at 14.01. With the index trading below the critical threshold of 15, this signals reduced volatility and suggests that market fear is waning. This typically acts as a positive indicator, reflecting growing investor confidence.


The Nifty Put-Call ratio (PCR), which indicates the mood of the market, declined to 0.97 on June 10, from 1.01 in the previous session. The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market.


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