Market Outlook for 10 June Nifty 50 IndexNSE:NIFTYVirupandey81Global market sentiment is weak after a sharp fall in U.S. technology stocks. Heavy profit booking in AI-related companies pushed the Nasdaq down by 3.4% in a single trading session. As a result, most Asian markets are trading under pressure this morning. Gift Nifty is trading around 23,175, indicating a gap-down opening of nearly 128 points from yesterday's closing level. Institutional Activity FII Selling: ₹4,566 Crore DII Buying: ₹6,159 Crore Net Inflow: ₹1,593 Crore Domestic institutions continued to support the market by absorbing foreign selling, resulting in a positive net inflow. Technical Outlook Nifty is currently trading between a strong demand zone and a strong supply zone. The chart shows multiple swing highs and swing lows, which indicates that both buyers and sellers are active at important levels. The major resistance area is around 23,300, where multiple equal highs have been formed. This level will be important for the bulls. A successful breakout above 23,300 could push the market towards 23,346 and then 23,468. On the downside, 23,175 is the first support zone, while 23,070 remains the most important support level. Multiple equal lows are visible around this area, making it a key level for the bears to watch. Market View The market has very little room on either side as both demand and supply zones are close to the current price. Such conditions often lead to increased volatility once one side gains control. As long as Nifty remains between 23,070 and 23,300, traders may continue to see range-bound price action. A breakout above 23,300 or a breakdown below 23,070 is likely to decide the next major move in the market. Today's session will be all about watching these key levels and waiting for a clear directional move.