Quote on Morning Market 11 June 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd
Below the Quote on Morning Market 11 June 2025 by Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd
"Market is likely to continue in the consolidation range with a slight upward bias. A clear breakout above Nifty 25100 level, and sustaining above this level, will need sustained large buying. This can happen on positive news regarding a US-China trade deal. Reports of both countries reaching an agreement to implement the Geneva consensus are positive. China is playing their ‘rare earth minerals card’ effectively. How this trade deal between the two global economic giants develops remains to be seen. In the near-term the market will respond to news regarding the trade negotiations. If there is a clear agreement the market will respond positively and there is a high probability of Nifty breaking above 25100 and remaining above this level. Liquidity will support a mild rally. But a strong rally needs earnings support. There are no indications yet about a strong recovery in earnings. This will cap any short-term rally in the market."
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