Quote on Market 11 June 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
Below the Quote on Market 11 June 2025 by Mr. Vikram Kasat, Head - Advisory, PL Capital
“US Stocks traded sideways for much of the day, but perked up to close higher. S&P 500 climbed 0.6%, leaving it just 1.7% away from its record close on Feb. 19. US media saying BESSENT is SEEN AS A CONTENDER TO BE NEXT FED CHAIR. If it happens then IT stocks will become blind buy with strong likelihood of interest cuts and accommodative monetary policy as happened in India.
Nifty 25104.25
After witnessing a strong up move in the past few trading sessions, Nifty is consolidating to around the upper end of the range. 40 HEMA: 24940 will be the immediate support level in the near term. Recent high of 25190 will be the immediate resistance level
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