Quote on Post-market comment 11 June 2025 by Hardik Matalia, Derivative Analyst, Choice Broking
Below the Quote on Post-market comment 11 June 2025 by Hardik Matalia, Derivative Analyst, Choice Broking
On June 11, the Indian benchmark indices opened on a flat to positive note and witnessed high volatility throughout the session. Despite the choppy trade, the markets managed to end the day on a positive note. The Nifty 50 closed higher by 37.15 points (0.15%) at 25,141.40, while the Sensex gained 123.42 points (0.15%) to settle at 82,515.14.
On the daily chart, the Nifty formed a small-bodied candle with long upper and lower wicks, indicating indecision in the market. This candlestick structure reflects volatility throughout the session, with both intraday buying and selling attempts failing to gain clear dominance. The price action signals hesitation among market participants, and may suggest a potential phase of consolidation in the near term. On the downside, 25,100 remains the immediate support, followed by a more crucial support zone in the 25,000–24,800 range. A breakdown below this zone could invite further selling pressure and drag the index lower. On the upside, 25,200 acts as the first resistance, while the 25,300 level remains a significant hurdle. A decisive breakout and sustained move above this zone will be essential to revive bullish momentum and confirm a continuation of the uptrend. Given the prevailing global uncertainties and event-driven risks, traders are advised to maintain a disciplined approach with strict risk management. Adopting tight stop-losses and exercising caution is prudent in the current environment marked by elevated market volatility.
On the sectoral front, the market saw modest gains in select segments, with IT, Pharma, Energy, and Auto sectors ending in the green, rising between 0.19% to 1.26%, indicating selective buying interest. However, the broader market tone remained cautious as several key sectors came under pressure. PSU Bank, FMCG, Banking, and Financial Services were among the laggards, closing in the red with losses ranging from 0.29% to 0.88%, reflecting mild profit booking and sectoral rotation. Meanwhile, the broader markets underperformed the benchmarks, with the Nifty Midcap 100 index declining by 0.49% and the Nifty Smallcap 100 index falling by 0.53%. This suggests a slight shift in sentiment away from mid and small-cap stocks amid ongoing market consolidation and heightened volatility.
The India VIX declined by 2.48% to 13.6675, indicating a slight reduction in market volatility and a more stable sentiment among traders. Open Interest (OI) data shows the highest concentration on the call side at the 25,200 and 25,300 strike prices, indicating strong resistance at these levels. On the put side, significant OI build-up is observed at the 25,100 and 25,000 strike prices, marking these as key support zones
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