On June 2, 2025, the Indian stock market closed marginally lower, with the Nifty 50 ending at 24,716.60 and the Sensex at 81,373.75. Mixed cues and cautious investor sentiment, influenced by global factors, shaped the trading day.

Global Market Influences:

Global markets are currently under pressure. European indices traded negatively, reflecting concerns over economic uncertainties and geopolitical tensions. US futures also pointed towards weakness due to inflation fears and geopolitical pushback from China. This global backdrop is expected to contribute to a cautious start for the Indian market on June 3.

Expert Technical Analysis and Predictions

Going into June 3, technical analysts are offering mixed opinions, generally pointing towards range-bound trading.

• Support and Resistance Levels: Nifty's immediate support is seen around 24,600, with resistance at 24,900. Sensex near-term support is at 80848/80523, with resistance at 81900/82225.
• Consolidation Phase: Experts suggest Nifty may remain in a consolidation phase within the 24,500-25,000 range for a few more sessions, having a slightly negative bias unless a range breakout occurs.
• Moving Averages: Nifty is holding above key moving averages, supporting an uptrend. Strong support lies around 24,500. A break below this level could lead to a drift towards 24,200. Resistance is seen at 25,000; a move above this could trigger a rally towards 25,300.
• Bullish Structure: The primary market structure remains bullish, and a sustained close above 25,000 may open the door for a renewed upward rally.
• Sensex Range: A sideways, range-bound texture is likely to continue as long as the Sensex remains between 80,900 and 82,200. A breakout above 82,200 could push the Sensex towards 82,900, potentially reaching 83,700.

Key Factors to Watch:

• Global Cues: Monitoring global market trends, including European and US market performance, will be crucial. Any negative developments could further dampen investor sentiment in India.
• Technical Levels: Traders should closely watch the support and resistance levels for both Nifty and Sensex to gauge potential trading opportunities.
• News triggers: Keep an eye on fresh triggers to provide market direction.
• Advance/Decline Ratio: The weak advance decline ratio from the previous day indicates a bearish undercurrent.

Sectoral Outlook:

On June 2nd, pressure was observed in banking, IT, and auto stocks. HDFC Bank, ICICI Bank, and Kotak Bank weighed on financials, while IT majors like Infosys, TCS, and Tech Mahindra dragged down the tech index. Tata Motors and Maruti experienced minor selling in the auto sector. Going forward, strength in sectors like PSU banks and realty is expected.

Overall Sentiment:

Overall, the Indian stock market is expected to open cautiously on June 3, 2025. While the underlying market structure remains bullish, global headwinds and mixed technical signals suggest a range-bound trading session. Investors should closely monitor global cues, key support and resistance levels, and sector-specific developments to make informed decisions.