Indian Stock Market Surges: Anand Rathi Expert Ganesh Dogre Recommends 3 Hot Day Trading Stocks for June 10

The Sensex and Nifty 50 continued their upward trend for the third consecutive session, reaching new closing highs on Friday, June 7. Despite a sharp 6% drop on June 4, the market benchmarks have shown solid gains in June. The Sensex has risen by about 3.7%, while the Nifty 50 has gained nearly 3.4% in the first week of the month.

During the session, the Sensex reached a new all-time high of 76,795.31 before closing at 76,693.36, up 1,619 points or 2.16%. All components were in the green. The Nifty 50 closed 469 points higher, a gain of 2.05%, at 23,290.15. Only two stocks, SBI Life and Tata Consumer, were down by 1.03% and 0.43%, respectively.

Market Outlook by Ganesh Dongre

Ganesh Dongre, Senior Manager – Research at Anand Rathi, commented on the market’s bullish trend following the election results. He mentioned that the Nifty closed in the 23,200–23,300 zone and highlighted a stable VIX below the 20 mark, suggesting lower market volatility in the coming days.

On the Nifty outlook, Dongre said, “Today’s chart pattern showed a gap-up opening and a bullish trend throughout the day, closing above the 22,200 mark. We expect this bullish momentum to continue. Nifty support is at the 22,700–22,800 level, with resistance at 23,400–23,500.”

Regarding Bank Nifty, Dongre added, “Bank Nifty also opened with a gap-up and maintained a bullish trend. For the next session, support is at 48,000, and resistance is at 51,000.”

Anand Rathi’s Stock Picks for June 10

Dongre recommends the following three shares for day trading on June 10:

1. Bank of Baroda
   • Buy at: ₹270
   • Target Price: ₹283
   • Stop Loss: ₹263
   Bank of Baroda has strong support around ₹263. The stock shows a reversal pattern at ₹270 and is expected to rally to ₹283. Traders can buy and hold with a stop loss at ₹263.
2. Sarvotech
   • Buy at: ₹84
   • Target Price: ₹90
   • Stop Loss: ₹78
   Sarvotech has shown a bullish reversal pattern, suggesting a possible rise to ₹90. With support at ₹78, traders can buy and aim for ₹90, keeping a stop loss at ₹78.
3. HCL Tech
   • Buy at: ₹1430
   • Target Price: ₹1485
   • Stop Loss: ₹1390
   HCL Tech has major support around ₹1390. The stock shows a reversal pattern at ₹1430, likely to continue its rally to ₹1485. Traders can buy and hold with a stop loss at ₹1390.