The benchmark indices delivered 2 percent gains on June 15, marking a strong start to the week backed by healthy market breadth. According to reports from Anand Rathi, about 2,294 shares witnessed buying interest compared to 747 declining shares on the NSE. The market is expected to remain range-bound with a positive bias after the strong two-day rally performance, with markets rallying sharply as easing US–Iran tensions and softer crude prices boosted sentiment. Sensex and Nifty surged 2%, adding ₹10 lakh crore in market value, while broader markets outperformed with volatility eased and technical indicators turned bullish.
GAIL (India) is trading at ₹175.41 with an inverse Head & Shoulders breakout pattern visible on the chart. As reported by Anand Rathi, the neckline of the pattern coincides with the 200-day SMA, making it a significant breakout zone. The Rs 170 level remains crucial support as it aligns with major price structure on the chart. With RSI hovering near 67 and MACD above zero line, the bullish outlook is supported by momentum indicators. Traders may consider buying in the ₹176-173 zone with target of ₹200 and stop-loss at ₹160.
Aegis Vopak Terminals is trading at ₹231.69 with a breakout above previous swing high supported by significant surge in trading volumes. According to ICICI Securities, both daily and weekly RSI are trading in bullish territory, reinforcing positive momentum across multiple time frames. The stock shows strong buying participation and increased investor interest with price action, volume, and momentum indicators aligned for further upside potential. Traders may consider buying in the ₹234-230 zone with target of ₹270 and stop-loss at ₹215.
Eicher Motors at ₹7,624.5 has provided a breakout from sideways consolidation with clear Call unwinding witnessed in the ₹7,500 strike. As reported by ICICI Securities, the stock is likely to head towards lifetime highs until Rs 7,480 level is broken. The maximum pain levels at ₹7,300 and ₹7,374 will act as strong support, while the next Call base is at ₹8,000 level as ultimate target. Dalmia Bharat at ₹1,719.4 appears to have completed medium-term downtrend reversal from previous monthly swing low, with significant short covering potential in the ₹1,780-1,820 target range.
Larsen & Toubro at ₹4,169.8 has provided breakout from sideways consolidation with short covering witnessed as few shorts were built up in the last decline. According to Mirae Asset ShareKhan, the stock trades well above maximum pain levels of ₹4,000 and breakout level of ₹4,100, with target of ₹4,300 and above. LIC at ₹405.7 witnessed sharp impulse rally in April with bullish crossover in daily momentum indicator, while Oberoi Realty at ₹1,669.4 broke above medium-term resistance trendline with potential to retest April high of ₹1,755. Trent at ₹2,901.1 broke above medium-term resistance trendline and closed decisively above 200-day moving average with target of ₹3,050-3,145.
