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Nifty 50 Prediction for Tomorrow (June 5, 2025): Expert Technical Outlook
The Nifty 50 index finally broke its three-day losing streak on June 4, 2025, registering modest gains amid cautious optimism ahead of the Reserve Bank of India’s (RBI) upcoming policy decision. The index closed at 24,620.20, up 0.32% or +77.70 points, but failed to convincingly break through any major resistance levels. While the recovery was aided by select financials, telecom, and largecap IT stocks, overall market sentiment remains mixed, with most participants adopting a wait-and-watch approach.
The day began with Nifty opening marginally higher, and it traded in a narrow range between 24,552 and 24,666throughout the session. Market breadth improved slightly compared to the previous session, but the advance-decline ratio remained modest, indicating selective buying rather than broad-based participation.
Despite the positive close, Nifty remains below its critical breakout level of 24,845, which is acting as a near-term barrier. The 20-day EMA has been breached earlier in the week, and the index has yet to reclaim that territory. Technical indicators such as the Relative Strength Index (RSI) continue to hover in the 46–48 range, pointing to a loss of bullish momentum without yet entering oversold territory.
Nifty Market Summary – June 4, 2025
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Closing Level: 24,620.20 (+0.32%)
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Opening Level: 24,590.15
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Day’s Range: 24,552 – 24,666
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India VIX: Slightly lower, indicating subdued fear sentiment
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Market Breadth: Slightly positive, with midcaps and small caps outperforming in patches
Top Gainers – June 4, 2025
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Eternal (+3.36%)
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Jio Financial (+2.27%)
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Bharti Airtel (+1.85%)
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HDFC Bank, Infosys, Tata Motors, and IndusInd Bank also added support
Also Read :-https://bytethenews.in/stock-market-predictions-for-tomorrow-india-5-june-2025/
Top Losers – June 4, 2025
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Bajaj Finserv (−1.80%)
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Axis Bank (−0.89%)
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Asian Paints, Cipla, Sun Pharma, and Trent dragged the index marginally lower
Technical Analysis – Nifty 50
From a technical perspective, Nifty remains in a vulnerable zone, unable to sustain gains above short-term moving averages. The index faces immediate resistance at 24,666, followed by 24,712, and a more meaningful breakout level lies at 24,845. On the downside, support remains at 24,552 and 24,485. A decisive move below 24,485 could trigger further downside toward 24,439 and 24,387 in the short term.
The RSI, currently between 46–48, reflects waning buying interest, suggesting that traders are cautious. A bounce above 50 could be the first sign of bullish revival, but until then, weakness is likely to persist on rallies.
Key Technical Levels
Support Zones:
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First Support: 24,552
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Second Support: 24,485
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Major Support: 24,439
Resistance Zones:
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Immediate Resistance: 24,666
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Secondary Resistance: 24,712
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Breakout Level: 24,845
Stop-loss for Long Positions:
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24,485 (on daily closing basis)
Trading Strategy – June 5, 2025
With mixed cues and technical weakness, traders are advised to maintain caution. The index is still trading below its key breakout levels, and unless strong buying emerges above 24,845, upside remains capped.
For Positional Traders:
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Avoid fresh long positions unless Nifty closes above 24,845
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Hold existing longs only if 24,485 holds on closing basis
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Target higher levels like 24,973 and 25,101 post breakout
For Intraday Traders:
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Buy near 24,552 if early reversal is visible
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Targets: 24,666 / 24,712
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Strict stop-loss below 24,485
For Bearish Traders:
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Consider shorts only below 24,485
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Downside targets: 24,439 and 24,387
Expert Opinion
Despite Wednesday’s gains, there’s no convincing reversal in trend yet. The index continues to face headwinds near resistance zones, and the RBI’s upcoming monetary policy decision may play a pivotal role in driving near-term direction. For now, buying on dips near support and selling near resistance remains the safest approach.
Unless 24,845 is breached decisively, short-term traders should maintain a defensive stance and follow strict stop-losses to protect capital.
Frequently Asked Questions (FAQs)
1. What was Nifty’s closing level on June 4, 2025 ?
Nifty closed at 24,620.20, up 0.32% or 77.70 points.
2. What is the current short-term trend for Nifty ?
The trend remains neutral to slightly negative as Nifty struggles below its key breakout level of 24,845.
3. When should traders consider going long ?
A long position is recommended only above 24,845 with confirmation from volume.
4. What are the key resistance levels to watch ?
Resistance at 24,666, 24,712, and breakout above 24,845.
5. Is it a good time to short the index ?
Yes, if Nifty breaks below 24,485 with strong bearish momentum.