Quote on Morning Market 10 June 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd
Below the Quote on Morning Market 10 June 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd
"Nifty is likely to consolidate in the 24500 - 25500 range in the near-term. There are no short-term triggers to take the Nifty beyond the upper band. Some profit booking pulling the market slightly down is likely. But ample liquidity will ensure that dips will get bought, helping the market to consolidate.
From the global perspective, market participants will be keenly following the progress of trade talks between the U.S. and China. Even though there is optimism regarding a favourable outcome, it is unlikely to happen quickly.
Since the market has run up in the last two trading days and valuations have got stretched, some profit booking can be considered to hedge against unexpected developments."
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