Nifty 50 Prediction for Tomorrow (June 4, 2025): Expert Technical Outlook
The Nifty 50 index closed sharply lower on June 3, 2025, as selling intensified across sectors amid weak global cues and persistent profit-booking in key heavyweight stocks. The index settled at 24,542.50, down 174.10 points (-0.70%), marking the third consecutive day of losses. IT, financials, and auto stocks were major drags on the index, with only a few select gainers limiting deeper downside.
Nifty briefly broke below its 20-day EMA and closed near the day’s low, indicating bearish pressure. The RSI has also declined to its lowest levels since mid-April, reflecting fading momentum.
Nifty Market Summary – June 3, 2025
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Closing Value: 24,542.50 (−0.70%)
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Opening Level: 24,678.10
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Day’s Range: 24,522.45 – 24,688.65
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Volatility: India VIX slightly lower, suggesting low fear despite weak breadth
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Advance/Decline Ratio: 0.6 – confirming broad-based selling
Top laggards included Bajaj Finance, Bajaj Finserv, Adani Ports, and Maruti. Midcaps performed relatively better, and small caps saw minor buying interest, helping cushion broader losses.
Top Gainers:
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Shriram Finance (+1.43%)
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Grasim Industries (+1.31%)
Top Losers:
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Adani Ports (−2.43%)
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Bajaj Finance (−1.43%)
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Bajaj Finserv (−1.89%)
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Tata Motors (−0.90%)
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Maruti (−0.94%)
Also Read : https://bytethenews.in/stock-market-predictions-for-tomorrow-india-4-june-2025/
Nifty Technical Analysis – June 4, 2025
The Nifty 50 has breached its 20-DMA support level and closed near intraday lows. The RSI has dropped significantly, signaling waning bullish momentum and increasing bearish pressure. If the index fails to recover above 24,697 in the coming session, further downside toward 24,287–24,072 cannot be ruled out.
RSI (Relative Strength Index)
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Currently near 46 – indicating a weakening trend
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Not oversold yet but clearly losing bullish momentum
Key Technical Levels:
Support Levels:
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First Support: 24,415
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Second Support: 24,287
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Major Support: 24,072
Resistance Levels:
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Immediate Resistance: 24,697
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Next Resistance: 24,758
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Breakout Level: 24,973 – 25,101
Suggested Stop-loss for Long Positions:
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24,949 (on daily closing basis)
Trading Strategy & Expert View
Despite the weakness, the broader structure remains intact above 24,287. However, caution is warranted as the index nears critical support. A strong bounce above 24,697 is needed for any recovery. Analysts recommend avoiding aggressive positions unless a decisive close above resistance levels is observed.
“Nifty is now under near-term pressure. The 20-DMA breach is not encouraging, and the index might test deeper supports unless 24,697 is reclaimed soon,” noted a senior technical analyst.
Strategy for Traders
For Positional Traders:
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Avoid fresh longs unless the index reclaims 24,697
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Maintain strict SL at 24,287
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Targets on upside only after breakout: 24,973 and 25,101
For Intraday Traders:
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Buy near 24,415 only if index shows signs of reversal
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Targets: 24,697 / 24,758
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Avoid longs below 24,287
For Bearish Traders:
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Short below 24,287
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Targets: 24,072 / 23,980
1. What was Nifty’s closing level on June 3, 2025 ?
Nifty closed at 24,542.50, down 174.10 points or −0.70%
2. What is the current trend for Nifty ?
The trend has turned negative with a breakdown below 20-DMA
3. When should traders go long on Nifty ?
Only if Nifty closes above 24,697 on strong volumes
4. What are the resistance levels to watch ?
24,697, 24,758, and breakout confirmation at 24,973
5. Is now a good time to short the index ?
Yes, but only if Nifty breaks below 24,287 decisively
Personal Opinion:
Nifty’s breach of short-term moving averages is concerning. While the medium-term trend remains intact, signs of weakness are building up. A failure to hold above 24,287 could attract further selling. A move above 24,697 with strong volumes is needed for a bullish revival.