Stock Market Predictions for Tomorrow – June 2, 2025
Indian stock markets faced a mild setback on May 30, 2025, after recent gains, reflecting broad-based selling and investor caution ahead of key macro triggers. The Nifty 50 slipped 81.45 points (−0.33%) to close at 24,750.70, while the Sensex lost 182.02 points (−0.22%), ending at 81,451.01.
The pullback came as profit booking emerged across IT, FMCG, and auto sectors. Despite the weakness, PSU banks showed notable strength, hinting at selective accumulation.
Technical Summary :
Nifty Trend :
Cautious with Bearish Bias
The index fell below key support levels but still hovers near its 20-D EMA. Sustained trading below 24,660 could invite further downside.
Sensex Trend :
Mild Correction
A breakdown from the 81,800 resistance led to selling pressure. Maintaining 81,151 is crucial for bulls to regain momentum.
Nifty Key Levels :
-
Support: 24,584 / 24,488
-
Resistance: 24,892 / 24,988
-
Longs SL: 24,660
Sensex Key Levels :
-
Support: 80,886 / 80,561
-
Resistance: 81,938 / 82,263
-
Longs SL: 81,151
Market Highlights – May 30, 2025 :
-
Nifty 50 Close: 24,750.70 (−0.33%)
-
BSE Sensex Close: 81,451.01 (−0.22%)
-
India VIX: Lower by 9%, signaling reduced volatility
Top Gainers (Nifty) :
-
Eternal: +4.98%
-
SBIN: +2.09%
-
HDFC Bank: +0.73%
-
L&T: +0.46%
-
Dr. Reddy’s: +0.22%
Top Losers (Nifty) :
-
Bajaj Auto: −3.10%
-
Hindalco: −2.51%
-
HCL Tech: −1.99%
-
Shriram Finance: −1.98%
-
ONGC: −1.58%
Sectoral Overview :
Strength :
-
PSU Banks: Buying interest led by SBIN, Canara Bank, and BoB
Weakness :
-
IT & Tech: TCS, Infosys, HCL Tech, TechM under pressure
-
Auto & FMCG: Bajaj Auto, Nestle, Tata Consumer declined
Bank Nifty Prediction – June 2 2025 :
-
Close: 55,749.70 (+0.37%)
-
Support: 55,208 / 55,417
-
Resistance: 56,094 / 56,303
PSU banks continued to outperform, with Canara Bank, PNB, and BoB posting solid gains. Private players like Kotak and Axis faced mild selling.
Outlook: Positive as long as 55,208 is held. A push past 56,094 can extend gains.
FINNIFTY Prediction – June 2 2025 :
-
Close: 26,499.25 (+0.08%)
-
Support: 26,302 / 26,190
-
Resistance: 26,722 / 26,908
NBFCs and insurers offered stability. Muthoot Finance rallied 6.72%. However, weakness persisted in select financial names like Shriram Finance, REC, and PFC.
Outlook: Range-bound; PSU financials remain in focus.
SENSEX Prediction – June 2 2025:
-
Close: 81,451.01 (−0.22%)
-
Support: 80,886 / 80,561
-
Resistance: 81,938 / 82,263
The IT drag, led by Tech Mahindra, HCL Tech, and Infosys, weighed heavily. Gains in SBIN and HDFC Bank helped limit losses.
Outlook: Holding above 81,151 keeps the bullish trend alive.
Trading Strategy for June 2, 2025 :
-
Buy near: 24,584 (Nifty) / 80,886 (Sensex)
-
Sell near: 24,988 (Nifty) / 82,263 (Sensex)
-
Breakout Levels: Nifty 24,988 / Sensex 82,263
1. What was the market trend on May 30 ?
Markets declined amid sector-wide selling, with Nifty and Sensex losing 0.3% and 0.2%, respectively.
2. Why did markets correct today ?
Profit booking in IT, FMCG, and metal stocks dragged indices lower. Investors stayed cautious amid lack of strong triggers.
3. Which sectors outperformed ?
PSU banks stood out with solid gains. Financials, especially SBI and BoB, supported indices.
4. Should I hold long positions ?
Yes, but strictly with stop-losses at 24,660 (Nifty) and 81,151 (Sensex). Avoid aggressive longs unless 24,988+ is breached.
5. What’s the near-term outlook ?
Range-bound with a bearish tilt unless fresh positive triggers emerge. Watch support levels closely.