Daily Market Quote - 11.06.26

By Prime Research | Published at: Jun 11, 2026 05:43 PM IST

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Choppy movement continued in the market on Thursday and Nifty closed the day lower by 53 points. After opening on a weak note, the market witnessed a sustainable recovery in the early to mid-part of the session. But the market was not able to sustain gains in the afternoon and showed weakness towards the mid-to- later part of the session.

A small green candle was formed on the daily chart with long upper shadow, which signals lackluster movement in the market. Though, Nifty placed near the crucial support of 23100 levels (previous opening upside gap of 8^th April), it has failed to gather strength to sustain the highs so far. This not a good sign.

The underlying trend of Nifty remains choppy with weak bias. As long as the market holds the important support of around 23100-23000 levels, there is a possibility of minor bounce in the coming sessions. A decisive breakdown of this support could trigger sharp weakness in the near term.

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