💼 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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Posted on : 11 Jun 2025 10:09 AM
