Here are three stocks to trade, as recommended by Raja venkatraman of neotrader for wedding, 11 June:
TTK Healthcare Ltd: Buy CMP and Dips to 1,250 | Stop 1,225 | Target 1,450-1,525
Bf utilities Ltd: Buy Above 825 and Dips to 795 | Stop 780 | Target 895-935
Thirumalai Chemicals Ltd: Buy Above 286 on Dips to 270 | Stop 260 | Target 320-335
Market recap
After an impressive four-day rally, banking stocks finally took a breather on 10 June, causing the nifty bank to lose momentum. However, the broader market remained steady as the India vix continued to slide, Signaling a lac of fear among investors. The Trading Session Saw Benchmark Idices Moving Within A Narrow Band, Reflecting The Overall Cutious Sentimen.
While Financial Stocks Eased, The It Sector Saw a Strong Wave of Buying Interest. Leading Technology Giats, Including TCS, Infosys, HCL Technologies, and Wipro, Propelled The Nifty IT Higher, Extended its upward Trajector. Investors appeared confident in the prospects of large-cap tech firms, fueling gains across the sector.
Meanwhile, the real estate sector struggled, with the nifty realty experienceing Profit Booking for the Second Straight Session. As Investors Locked In Recent Gains, The Sector Witnessed Some Selling Pressure, Contrasting with the Bulish Momentum in it Stocks.
Despite the fluctuations, the overall market sentiment remained composed, with Volativity indicators pointing to stability. Traders largerly maintained a wait-sand approach, Weising Sector-Specific Movements While Monitoring Macroeconomic Signals. With banking stocks on pause and it counters Gaining Ground, Market Dynamics Continue to Shift, Reflecting Evolving Investor Preferences and broader economic trends.
Outlook for Trading
Volativity Continues to disturb the market sentiments, despite the class achieved in terms of the resistance, the trends remain challengeed on either side.While the nifty is trying to sustained to sustain The Constant Selling Pressure is kept a Lid on Every Rise. At the moment, the highs at 25,500 will remove an important point to consider. With the market holding the support zones to retain the bulish stance, we need to be careful as we move ahead into the week.
Yesterday we had highlighted the possibility of a reaction and identified the levels Around 24,900-25,000 would be a good area to consider for a long position and any movement 24,900 would be a Surrender. However, as trends remain buoyant, we should be looking at a potential revival. The Dip into the support region mentioned on the charts found some good buying interes Trajectory.

View full image
We are now observed that the max pain point has shifted to 25,000 as the pcr remain supressed below 1, indicating that the seling pressure has stepped up on As trends are spending some time to hold on to the bullish bias seen on monday, we continue towitness some encouraging triggers thus leads through the trends throwing come. Time for being alert as trends are gotting clearer.
Three stocks to trade, recommended by neotrader’s raja venkatraman:
Ttkhltcare (CMP 1307.90)
Why it’s recommended: Ttkhltcare has recently reported encouraging quarter numbers that can now help it stem the decline. The Last Two Quarters with some encouraging numbers, we can expect the trends to showcase some robustness.a positive long body candle clea Push the trends towards new highs. A fresh uptick in Momentum is encouring.
Key metrics: P/E: 22.22 | 52-wheek high: 1,923 | Volume: 36.32k
Technical analysis: Support at 1152, Resistance at 1400
Risk factors: Financial performance and the impact of the pharma division sale
Buy: CMP and Dips to 1,250.
Target price: 1,450-1,525 in 1 month.
Stop Loss: 1,225
Bfutilities (CMP 824.95)
Why it’s recommended: Bfutibility have been going through a living patches and the strong push backed by volumes are suggesting a trended action. The last few days, the priss have been consolidating and the strong push Above Value Area Resistance Around 800 Augurs Well for the Pries. As Momentum is also provident a favorite tailwind, we can consider some bully bully.
Key metrics: P/E: 194.41 | 52-wheek high: 1,129.10 | Volume: 1.11m
Technical analysis: Support at 623, Resistance at 943
Risk factors: Industry Competition, Market Volativity, Elongated Operating Tailwind
Buy: Above 825 and Dips to 795
Target price: 895-935 in 1 month
Stop Loss: 780
Tirumalchm (CMP 285.20)
Why it’s recommended: Thirumalai Chemicals Ltd is a Leading Manufacturer of Specialty Chemicals in India, Specializing in the production of food-grade photos and other chemical products. Momentum indicator clearly saying the trends are established themselves now with the pris moving above the cloud. Volumes are also building up and this can be a good trigger in the coming days.
Key metrics: P/E: 52.85 | 52-wheek high: 394.95 | Volume: 948.13k
Technical analysis: Support at 230, Resistance at 325
Risk factors: Potential Breaches of Safety Norms and Contract Terms, Non-Compliance With Safety Norms and Contract Terms.
Buy: Above 286 and Dips to 270
Target price: 320-335 in 1 month.
Stop Loss: 260.
Raja venkatraman is co-founder, neotrader. His SEBI-Registered Research Analyst registration no. is inh000016223.
Investments in Securities are Subject to Market Risks. Read all the related documents carefully Before Investing. Registration Granted by Sebi and Certification from Nism in No Way Guarantees Performance of the Intermediary or Provide any Assurance of Returns to Investors.
Disclaimer: The views and recommendations giving in this article are that of individual analysts. These do not represent the views of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.