Nifty Prediction for Tomorrow by Experts – 3 June 2025

Nifty 50 Prediction for Tomorrow (June 3, 2025): Expert Technical Outlook

The Nifty 50 index closed marginally lower on June 2, 2025, as investors treaded cautiously ahead of key economic cues and market triggers. The benchmark index settled at 24,716.60, down 117 points (-0.47%), after trading in a narrow range throughout the session. Weakness in IT, metals, and auto stocks weighed on the broader index, though gains in select Adani group stocks and defensives helped limit the downside.

While the index briefly breached the 20-day Exponential Moving Average (EMA) intraday, it witnessed buying at lower levels and closed above a key trendline support, indicating continued underlying strength in the overall trend.

Nifty Market Summary – June 2, 2025

  • Closing Value: 24,716.60 (−0.47%)

  • Opening Level: 24,720.45

  • Day’s Range: 24,658.15 – 24,798.10

  • Volatility: India VIX remains subdued, indicating reduced market fear

  • Advance/Decline Ratio: 0.7 – suggesting broad weakness in stock participation

Despite the negative close, the broader trend continues to show resilience. The fall was largely attributed to profit-booking in large-cap private banks, IT, and metal stocks, while Adani Ports, M&M, and Tata Consumer remained strong.

Top Gainers :

  • Adani Ports (+3.29%) – Continued strength in logistics and infra segment

  • M&M (+1.75%) – Benefited from upbeat auto sales forecast

  • Tata Consumer (+1.59%) – Supported by strong FMCG demand

  • Adani Enterprises (+1.42%) – Investor interest in diversified conglomerates remained firm

 

Top Losers :

  • Bajaj Auto (−1.44%)

  • Tech Mahindra (−1.44%)

  • JSW Steel (−1.41%)

  • Tata Steel (−1.25%)

  • HDFC Bank, Infosys, and Reliance Industries also dragged the index down

 

Also Read :-https://bytethenews.in/stock-market-predictions-for-tomorrow-india-by-experts-3-june-2025/

 

Nifty Technical Analysis – June 3, 2025

The technical setup for Nifty remains cautiously optimistic. The index has successfully held above the important 24,677support level on a closing basis, which has now become a key pivot for further upside. A move above the immediate resistance level of 24,805 could trigger the next leg of the rally.

RSI (Relative Strength Index)

Currently near 54, indicating a neutral to positive bias. The RSI has recovered from recent lows but is not in the overbought zone, offering room for upward momentum if triggered by buying interest.

Key Technical Levels :

Support Levels

  • First Support: 24,562

  • Second Support: 24,467

  • Major Support: 24,349

Resistance Levels 

  • Immediate Resistance: 24,805

  • Next Resistance: 24,894

  • Breakout Level: 25,034

 

Suggested Stop-loss for Long Positions

  • 24,677 (on daily closing basis)

 

Trading Strategy & Expert View

Market analysts continue to remain bullish on Nifty as long as it sustains above the 24,677 level. The fact that the index bounced back from its intraday lows and held above a key trendline shows strength among buyers, even though breadth remains weak.

“Nifty’s bounce from below 24,700 levels reaffirms bullish consolidation. The broader structure remains positive. A close above 24,805 will open the gate for 24,894 and further to 25,034,” said a senior technical analyst.

Strategy for Traders

For Positional Traders:

  • Maintain long positions as long as Nifty holds above 24,677

  • Add new longs on a daily close above 24,805

  • Near-term targets: 24,894 and 25,034

For Intraday Traders:

  • Buy near 24,562–24,600

  • Targets: 24,805 / 24,894

  • Consider breakout trades if the index crosses 24,805 with good volume

 

For Bearish Traders:

  • Go short only below 24,467

  • Short-term targets: 24,349 / 24,260

 

1. What was Nifty’s closing level on June 2, 2025 ?

Nifty closed at 24,716.60, down 117 points or −0.47%.

 

2. What is the current trend for Nifty ?

The trend remains positive but range-bound, awaiting a breakout above 24,805 for fresh momentum.

 

3. When should traders go long on Nifty ?

Long positions are safe above 24,677. Fresh positions can be added after a close above 24,805.

 

4. What are the resistance levels to watch ?

Key levels include 24,805, 24,894, and the major breakout at 25,034.

 

5. Is now a good time to short the index ?

Only if Nifty breaks and closes below 24,467, targeting 24,349 and 24,260.

Personal Opinion :

The Nifty 50 continues to display resilience despite global uncertainties and sector-specific drag. The index is nearing a breakout point that could trigger a fresh rally toward 25,000+. However, weakness in the broader market and low advance-decline ratio suggest that traders should proceed with caution. Watch for a clean move above 24,805 with volume to confirm bullish continuation. Until then, risk management remains key.

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