Trade Spotlight: How should you trade Oracle Financial, Praj Industries, Bank of India, Trent, NMDC, Zensar Technologies and others on June 10?

Bulls maintained their control over Dalal Street, driving the Nifty 0.4 percent higher on June 9. The benchmark indices continued their upward momentum for the fourth consecutive day, supported by positive market breadth. Approximately 1,870 stocks witnessed buying interest, compared to 772 that declined on the NSE. The trend is expected to remain in favour of the bulls, despite intermittent profit booking in the upcoming sessions. Below are some short-term trading ideas to consider:

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

Route Mobile | CMP: Rs 1,044.5

In the recent trading session, Route Mobile broke out after nearly a month of consolidation, accompanied by a significant surge in volume—indicating strong accumulation. Notably, this consolidation phase occurred within the R3–S3 zone of the monthly Camarilla pivots, establishing an Inside Value relationship. This setup forms when the current month’s pivots are nested within the previous month’s range, often signaling a potential breakout with strong directional bias.

Adding to the bullish case, the daily RSI has consistently held above the 40 level and now stands at 68, reflecting strengthening momentum. Traders can buy the stock in the Rs 1,050–1,030 zone.

Strategy: Buy

Target: Rs 1,150

Stop-Loss: Rs 985

Oracle Financial Services Software | CMP: Rs 9,161.5

Oracle Financial has recently broken out above the Rs 8,750 mark and managed a strong close above it, indicating growing bullish strength. A notable technical aspect is the formation of an Inside Value relationship between the monthly Camarilla R3 and S3 pivots, which often precedes sharp directional moves.

Additionally, the daily RSI has consistently held above 50 during the recent consolidation phase, supporting sustained momentum and reinforcing the potential for a continued uptrend. Traders may buy the stock in the Rs 9,180–9,080 zone.

Strategy: Buy

Target: Rs 9,800

Stop-Loss: Rs 8,795

Praj Industries | CMP: Rs 532.6

Praj Industries has recently completed a Bullish Dragon pattern, signaling the potential for a strong upward move. This is complemented by a higher overlapping value relationship on the monthly Camarilla pivots, with a decisive close above the R3 level—a clear indicator of emerging bullish momentum.

On the momentum front, the daily RSI has broken out after a prolonged consolidation between the 40–50 zone and now stands near 67, reinforcing the positive bias. Traders may buy the stock in the Rs 535–525 zone.

Strategy: Buy

Target: Rs 650

Stop-Loss Rs 470

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

Power Finance Corporation Futures | CMP: Rs 431

PFC Futures has broken out from a sideways consolidation. This breakout is supported by significant Put additions between Rs 400 to Rs 420, which now act as a crucial support range. Simultaneously, Call unwinding in these strikes adds further bullish implications. The stock had previously witnessed correction due to long unwinding, but the recent uptrend is seeing long additions—a positive sign. So buy PFC Futures in the Rs 432–428 range.

Strategy: Buy

Target: Rs 450, Rs 460

Stop-Loss: Rs 418

Bank of India Futures | CMP: Rs 129.31

Bank of India has witnessed long additions recently following a breakout from multiple swing resistances. The momentum across the Banking and Financial sector has turned positive after the recent monetary policy, enhancing the probability of further upside.

Options data suggests minimal Call writing at higher levels, with the Rs 130 strike having the highest Call open interest. A breakout above this level could trigger strong momentum. On the downside, Rs 120 serves as immediate support, backed by the highest Put OI. The stock is trading above its 20-day VWAP and maximum pain level, both supporting a bullish view. So, buy Bank of India Futures in the Rs 130–127 range.

Strategy: Buy

Target: Rs 145, Rs 155

Stop-Loss: Rs 119

Trent Futures | CMP: Rs 5,913.5

Trent has seen short covering during the recent rally and has broken out from its consolidation range, indicating positive near-term outlook. Significant Put additions from Rs 5,500 to Rs 5,800 and Call unwinding further suggest growing bullish strength. There’s a minor hurdle at Rs 6,000, with active Call writers. However, a move beyond this level may trigger accelerated upside. So, buy Trent Futures in the RS 5,900–5,940 range.

Strategy: Buy

Target: Rs 6,200, Rs 6,300

Stop-Loss: Rs 5,780

Vidnyan S Sawant, Head of Research at GEPL Capital

Time Technolopast | CMP: Rs 440

Time Technoplast has signaled a strong bullish shift across multiple timeframes. On the monthly chart, the stock has been in a steady uptrend since 2020, and the May 2025 candle confirms a bullish mean reversion from the 20-month EMA.

On the weekly chart, it has broken out from a downward-sloping channel, accompanied by a bullish candlestick and volume surge above the 20-week average—indicating strong participation. The MACD has triggered its first bullish crossover since January 2025, providing further momentum confirmation.

Strategy: Buy

Target: Rs 504

Stop-Loss: Rs 412

Zensar Technologies | CMP: Rs 854.5

Zensar Technologies shows a robust structural shift on higher timeframes, indicating a clear bullish reversal. The stock recently exhibited a bullish polarity shift, taking support from a rising trendline originating from the September 2021 swing high, which held firmly in April 2025. This was followed by a strong follow-through close, reflecting improving sentiment.

On the weekly chart, the stock is trading well above its 12-, 26-, and 50-week EMAs, while the MACD remains in buy mode—reinforcing the bullish momentum and suggesting further upside potential.

Strategy: Buy

Target: Rs 1,000

Stop-Loss: Rs 795Balrampur Chini Mills | CMP: Rs 616.15

Balrampur Chini Mills is displaying a strong long-term bullish structure, supported by consistent higher bottom formations on the monthly chart — a clear sign of trend strength. The stock is currently on the verge of breaking out of an inverted head and shoulders pattern, a classic bullish continuation setup. On the momentum front, the weekly MACD remains above the zero line, indicating ongoing momentum acceleration. Additionally, the stock is well-supported above its 12-, 26-, 50-, and 100-day EMAs, further reinforcing the prevailing bullish sentiment.

Strategy: Buy

Target: Rs 708

Stop-Loss: Rs 579

NMDC | CMP: Rs 74

The MACD remains in buy mode, indicating continued momentum strength and increasing the likelihood of further upside.

Strategy: Buy

Target: Rs 85

Stop-Loss: Rs 69Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.