𝗦𝘁𝗼𝗰𝗸 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝗙𝗼𝗿 𝗝𝘂𝗻𝗲 𝟭𝟭, 𝟮𝟬𝟮𝟲, 𝗕𝘆 𝗡𝘂𝘃𝗮𝗺𝗮

𝗦𝘁𝗼𝗰𝗸 𝗥𝗲𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝘀 𝗙𝗼𝗿 𝗝𝘂𝗻𝗲 𝟭𝟭, 𝟮𝟬𝟮𝟲, 𝗕𝘆 𝗡𝘂𝘃𝗮𝗺𝗮

Aakash K Hindocha of Nuvama Professional Clients Group issued stock recommendations for June 11, 2026.

Buy Calls:

• Bank of India. Last close: 144.86. Stop loss: 139. Target: 154. The stock saw an 8-year breakout in October 2025. It retested the same level many times over the past 2 months. Daily charts showed a fresh 6-week high closing earlier this week. The stock holds above its 200 DMA. A 6-8% short-term upside is expected.

• Gail (India) Ltd. Last close: 168. Stop loss: 161. Target: 182. Weekly charts showed an 18-month breakout in April 2026. Daily charts show a fresh 11-month breakout. Both breakouts sit near 165. A 200 DMA crossover appeared this week after 7 months. The stock traded below this level since November 2025. Higher lows formed over the past 3 months. An 8-10% upside is expected.

Sell Call:

• Bajaj Auto. Last close: 10144. Stop loss: 10600. Target: 9700. The stock posted its lowest close in the past month. It retraced 30% of its recent rally from 8,600 to 10,800 between April and May 2026. The stock formed a rising channel over the past 12-15 months. It faced rejection and a double top on the higher bar. The short-term target sits near 9700. A break and close below this level would attract further 2-3% downside.

Index Views:

• Nifty. The index rotates between 23100 and 23400. It has not broken either side on a weekly closing basis. Buying keeps emerging from the sub-23150 zone. Sustaining above 23400 finds profit takers. The structure favors the upside. The trigger is steps on domestic liquidity easing and reduced news flow from West Asia. Unless 23000 breaks, the structure stays valid for a large upside. Momentum is likely to start only above 23600.

• Bank Nifty. Both short-term targets of 54600 and 55200-55450 hit after support reversed near 53500 last week. This short-term strength is complete. Nifty should outperform Bank Nifty from here. Tuesday's low of 54200 is the key short-term support. US CPI numbers will continue to churn volatility in global markets.