June 11, 2024 / 09:13 AM IST

Sensex today Indexes from positive to flat opening: Devin Mehta, research analyst at ChoiceBroking

GIFT The benchmark Sensex and Nifty index are expected to open positively on June 11 after Nifty trends indicate a 40-point gain for the broader index.

Nifty may find support at 23,200 and then 23,100 and 23,000. On the upside, 23,400 could be an immediate resistance, followed by 23,500 and 23,600.

Bank Nifty charts suggest that it may find support at 49,700, followed by 49,500 and 49,400. If the index moves further, 50,000 will be the initial key resistance, followed by 50,200 and 50,400.

Yesterday Nifty made a fresh all-time high at 23411 levels and we also saw some profit booking with Nifty closing marginally negative at 23259 levels. Long position traders can hold on closing basis with trailing stop loss of 23150 levels. A fresh long position can be initiated around 23200 with a stop loss mentioned for a target of 23500.

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