Image Credit:Pixabay.com
Nifty 50 Prediction for Tomorrow (June 6, 2025): Expert Technical Outlook
The Nifty 50 index rebounded sharply on June 5, 2025, closing at 24,751, up 0.5%, marking a continuation of its short-term recovery. This rise followed a modest gain the previous day and was supported by strong buying across largecap stocks, pharma, infra, FMCG, and IT sectors. Notably, the rally was broad-based, with 35 of the 50 Nifty constituents closing in the green, reflecting a significant improvement in market breadth.
The session saw Eternal (+4.43%) extend its rally, leading the gainers for a second consecutive day. Dr. Reddy’s (+3.09%), Trent (+3.02%), PowerGrid, ICICI Bank, Shriram Finance, and heavyweights like Reliance, Adani Ports, and Ultratech Cement also provided robust support.
However, weakness remained visible in certain sectors. Axis Bank (−1.11%), Tata Consumer (−1.10%), and Bajaj Finserv (−0.6%) dragged on the index, alongside mild selling in auto majors such as M&M, Hero MotoCorp, and Maruti.
Despite not closing at the intraday high, Nifty breached and sustained above a key trendline, a positive technical development ahead of the RBI’s crucial monetary policy decision.
Nifty 50 – Market Summary (June 5, 2025)
-
Closing Level: 24,751 (+0.5%)
-
Opening: 24,662
-
Day’s Range: 24,641 – 24,796
-
India VIX: Slightly lower, showing reduced volatility concerns
-
Market Breadth: Broadly positive across sectors
Also Read :-https://bytethenews.in/stock-market-predictions-for-tomorrow-india-6-june-2025/
Top Gainers – Nifty 50
-
Eternal (+4.43%)
-
Dr. Reddy’s (+3.09%)
-
Trent (+3.02%)
-
ICICI Bank, PowerGrid, Shriram Finance, Reliance, and Adani Ports
Top Losers – Nifty 50
-
Axis Bank (−1.11%)
-
Tata Consumer (−1.10%)
-
Bajaj Finserv (−0.60%)
-
M&M, Hero MotoCorp, Maruti
Technical Outlook – Nifty 50
Nifty has managed to close above the near-term trendline, showing signs of bullish momentum returning. However, the index still faces strong resistance at 24,896 and 24,987. A breakout above these could signal a resumption of the uptrend. On the downside, supports are seen at 24,605 and 24,515.
-
RSI: Improving, indicating recovering strength
-
Momentum: Broad-based, with rotational buying across sectors
Key Technical Levels – Nifty 50
-
Support 1: 24,605
-
Support 2: 24,515
-
Resistance 1: 24,896
-
Resistance 2: 24,987
-
Stop-loss (for long trades): 24,605 (on a daily closing basis)
Trading Strategy – June 6, 2025
For Positional Traders :
-
Remain long only above 24,605
-
Watch for a break above 24,896 to add positions
-
Post-breakout targets: 24,987 and 25,101
For Intraday Traders :
-
Buy near 24,605 if early support holds
-
Targets: 24,751 / 24,896
-
Stop-loss: below 24,515
-
-
Sell only if Nifty dips below 24,515
-
Targets: 24,439 and 24,387
-
Bank Nifty Prediction for Tomorrow
Bank Nifty closed marginally up despite most constituent banks finishing in the red. ICICI Bank rose by 1.7%, while HDFC Bank also ended positive. However, weakness in SBI, Axis Bank, IndusInd Bank, and PNB dragged the index, with some banks falling between 1% and 1.85%.
The formation of repeated doji candles reflects investor indecision ahead of the RBI decision. A rate cut, especially above expectations, could spark a breakout. The index continues to find support at its 20-day EMA.
FINNIFTY Prediction for Tomorrow
FINNIFTY gained 0.47%, closing at 26,387.15. The index was driven by gains in HDFC AMC (+3.08%), ICICI Bank(+1.66%), and Shriram Finance (+1.60%). Other notable movers included PFC, RECLTD, and Muthoot Finance.
Weakness in ICICI Prudential, Axis Bank, and Bajaj Finance slightly tempered gains. Yet, the broad trend remains positive with rotational support from financial leaders.
FAQs – Stock Market Predictions for June 6, 2025
1. What was Nifty’s closing level on June 5, 2025 ?
Nifty closed at 24,751, up 0.5% or 120.8 points.
2. Which sectors supported the Nifty rally ?
Pharma, FMCG, Infra, IT, and select Financials were the key contributors.
3. What are the key resistance levels for Nifty now ?
Watch for resistance at 24,896 and 24,987.
4. What’s the outlook for Bank Nifty ?
Cautious but stable. Support at 55,155; resistance at 56,135. Awaiting RBI decision impact.
5. Can the rally sustain tomorrow ?
Yes, if key breakout levels are cleared. Watch RBI’s policy decision closely.