Stock Market Outlook for June 10: Key Levels for Nifty 50 and Stocks to Watch on Tuesday

Indian stock markets are expected to open with cautious optimism on Tuesday, June 10, as global cues remain mixed and domestic investors look for clarity after recent volatility. The Nifty 50 has been trading in a tight range, and traders are eyeing key technical levels to decide their next move. Alongside broader market trends, select stocks are showing strong trading signals for the day.

Nifty 50: What to Expect Today
On Monday, the Nifty 50 closed with marginal gains, supported by banking and auto stocks. However, the index faced resistance near the 23,400 mark. For Tuesday’s session, traders will be watching 23,500 as the upper hurdle and 23,200 as immediate support. A break on either side could lead to a directional move.

Market participants will also track institutional flows and policy updates as they continue to shape short-term sentiment. Caution may persist ahead of key global data scheduled later this week.

Global Market Sentiment
Overnight trends in global markets have been mixed. US indices ended flat, while Asian markets opened slightly lower. Uncertainty around US interest rate decisions and global growth outlook continues to weigh on investor sentiment. Oil prices and the dollar index also remain in focus as they impact foreign fund flows into emerging markets like India.

These factors may lead to a cautious opening for Indian markets, though sector-specific actions could offer opportunities.

Stocks to Watch on June 10
Based on technical indicators and market activity, here are eight stocks that could see movement on Tuesday:

Buy Recommendations

1. HDFC Bank – The stock is showing strength above ₹1,610. A move above this level could push it toward ₹1,640.
2. Tata Motors – Trading volume is rising and the price action is bullish. Target: ₹1,040.
3. Infosys – Holding above key support at ₹1,420 with potential to move up to ₹1,460.
4. JSW Steel – Momentum indicators suggest a bounce from ₹930. Buy with stop-loss at ₹915.

Sell Recommendations

1. Zomato – Faces resistance near ₹190. If it breaks below ₹182, further downside is likely.
2. Paytm – Weak price structure. Traders may consider short positions below ₹380.
3. Vedanta – Under pressure after recent gains. Watch for breakdown below ₹445.
4. Adani Green – Struggling to hold above ₹1,050. A drop below ₹1,020 may trigger further selling.

Tier 2 Investor Focus
Retail investors from Tier 2 cities like Nagpur, Indore, and Jaipur are increasingly participating in daily trades via mobile apps. For them, such stock-specific insights can be crucial for short-term strategies. With many new investors entering the market, easy-to-understand guidance on key levels and trends helps in reducing risks.

Conclusion
Tuesday’s trade is likely to be shaped by both global trends and domestic technical levels. While the broader market remains range-bound, selective stock action can provide meaningful opportunities. Investors are advised to stay cautious, manage risk carefully, and monitor news flows throughout the day. For now, patience and discipline will be key in navigating the current market setup.