I have a long position on BSE June futures bought at ₹3,907. What is the outlook? Shall I hold the trade? – Palani Shanmugam 

BSE (₹3,930): After hitting a lifetime high of ₹4,446.80 on May 27, the stock reversed the path and declined. However, the trend has not turned bearish. In fact, the decline seems to have stabilised as the scrip has been consolidating between ₹3,840 and ₹4,080 since the beginning of June.

As long as the support at ₹3,840 and ₹3,800 remains valid, the uptrend will not come under threat. The recent price drop is only likely to be a corrective move.

After some more consolidation within the above-mentioned price levels, there is a good chance for the stock of BSE to break out of ₹4,080. 

With respect to futures, the trading range has been ₹3,825-4,100 since early June. Once the contract breaks out of ₹4,100, it can see an upswing to ₹4,300 and possibly to ₹4,400. Nevertheless, from the perspective of trading, we suggest eyeing a target of ₹4,300.

So, we suggest holding the long on BSE June futures for a target of ₹4,100. But we recommend placing a stop-loss at ₹3,760. 

Send your queries to derivatives@thehindu.co.in

Published on June 11, 2026