Market Pulse: Confirmed Uptrend
Distribution Days: 5
On June 11th, the Nifty reclaimed its recent high at 25,116 and is now trending firmly above all its key moving averages, signaling a strong resurgence in bullish momentum. As a result, the overall market condition has been upgraded from Uptrend Under Pressure to a Confirmed Uptrend, reflecting renewed strength and positive sentiment. Market breadth continues to improve, with leading stocks across multiple sectors showing strong momentum.
In the current environment, stocks breaking out of early-stage bases, exhibiting higher relative strength, and backed by strong fundamentals are well-positioned for potential outperformance. Rather than speculating on market movements, we will closely track price action and adapt to evolving conditions.
However, should the distribution day count increase or Nifty breach key support levels, we may downgrade the market status to "Uptrend Under Pressure" to reflect heightened risk.

Buy Watchlist
Astrazeneca Pharma India, Banco Products (India) Ltd, Aarti Pharmalabs, Au Small Finance Bank, Fortis Healthcare (Nse), Interarch Building Solutions Ltd and more.

Key News & Earnings Updates
Torrent Pharmaceuticals to buy controlling stake in J B Chemicals & Phar Ltd from KKR for ₹25,689 crore.
Tata Steel gets ₹1,000 crore GST demand notice over irregular availment of input tax credit.
Ntpc Green Energy Ltd announces Shajapur Solar Project Unit II fully operational.
Zen Technologies gets patent in laser based military training systems.
Waaree Energies Ltd recieved a order for the supply of 540 MW solar modules from a US-based developer of utility-scale solar and energy storage projects.
Mazagon Dock Shipbuilders acquired of a controlling stake in Colombo Dockyard PLC, a Sri Lanka-listed shipbuilding firm, for $52.96 million (approx ₹452 crore).
Bharat Heavy Electricals Ltd received a order from Adani Power (Nse) to supply important equipment and oversee work for six large thermal power units, each with 800 MW capacity.
Alembic Pharmaceuticals has received final USFDA approval for its generic Doxorubicin Hydrochloride Liposome Injection, used in treating ovarian cancer, AIDS-related Kaposi’s Sarcoma, and multiple myeloma.
Prestige Estates Prjs. and Arihant Group, through their JV Canopy Living LLP, will jointly acquire a 3.48-acre land in Velachery, Chennai, for a project worth over ₹1,600 crore.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.