📅 Date: Wednesday, June 3, 2026 | 🕘 Updated: Pre-Market & Early Session
📊 Market Snapshot – Previous Close (June 2, 2026)
BSE SENSEX
Closed at 74,744 | ▲ +476 pts (+0.64%)
Near-term Support: 73,679 / 73,315 | Resistance: 74,856 / 75,220
NIFTY 50
RSI (14-day): 47.96 — NEUTRAL | MACD: BUY Signal
5-Day MA: 24,188 — SELL Signal
Support Zone: 23,200 – 23,250 | Resistance: 23,700 – 23,750
BANK NIFTY
Range: 53,900 – 54,300 (Bearish bias)
Key Support: 53,000 – 53,100 | Resistance: 54,100 – 54,300
Currently trading below 20-week & 50-week EMA — Broader trend under pressure
📈 Today’s Market Outlook – June 3, 2026
Gift Nifty is trading +0.52% higher, pointing to a firm opening for domestic benchmarks. European markets led by the DAX (+0.95%) and STOXX 50 (+0.93%) add positive global cues. However, persistent FII outflows of ₹3,912 crore (June 1 selling) may cap gains. DII buying of ₹5,109 crore continues to provide floor support.
🌐 Key Global Cues
- 🟢 European indices positive: DAX +0.95%, STOXX 50 +0.93%
- 🟡 FII net sellers: ₹3,912 crore (cautionary signal)
- 🟢 DII buyers: ₹5,109 crore (strong domestic support)
- 🟢 Gift Nifty up 0.52% — positive opening expected
⭐ Top Performers (June 2 session)
- 🏆 TCS — +6.74%
- 🏆 Infosys — +5.49%
- 🏆 HCL Technologies — +4.15%
🎯 Trade Recommendations for Today
| Index / Stock | Signal | Entry Zone | Target | Stop Loss |
|---|---|---|---|---|
| Nifty 50 (LONG) | BUY | Above 23,500 | 23,560 / 23,620 / 23,700 | 23,450 |
| Nifty 50 (SHORT) | SELL | Below 23,300 | 23,240 / 23,170 / 23,100 | 23,350 |
| Reliance Industries | BUY | Market / Dip | Intraday scalp 1–2% | 0.8% below entry |
| TCS / Infosys | BUY | On pullback | Momentum follow-through | Previous day low |
| Adani Enterprises | WATCH | Breakout above resistance | 3–4% daily ATR range | Tight 1% SL |
| SBI / HDFC Bank | NEUTRAL | Bank Nifty range-bound | Range trade 53,000–54,300 | Below 53,000 |
| Tata Motors | BUY | Intraday dip | 2.9% ATR — 1.5–2% scalp | Previous candle low |
📌 Key Levels to Watch
Nifty 50 Critical Levels
🔴 Major Resistance: 24,000 (psychological barrier — breakout above = strong bullish signal)
🟡 Immediate Resistance: 23,700 – 23,750
🟢 Immediate Support: 23,200 – 23,250
🔴 Key Downside Level: 23,100
Bank Nifty Critical Levels
🟡 Resistance: 54,100 – 54,300
🟢 Support: 53,000 – 53,100
📉 Trend: Below 20-week & 50-week EMA — caution advised
🏦 Sectors in Focus
- 💻 IT / Technology — Strong momentum (TCS +6.74%, Infosys +5.49%, HCL +4.15%) — Favourable for swing trades
- 🏦 Banking (PSU & Private) — Consolidating; range-bound trade preferred
- 🚗 Auto — Tata Motors, M&M, Maruti — Watch for fresh catalysts
- ⛏️ Metals — Tata Steel, JSW, Vedanta — High beta, intraday opportunities
- 🏗️ Infrastructure — Adani Ports, L&T — Monitor for breakout setups
- 📱 Telecom — Bharti Airtel — Steady intraday candidate
Sources: NSE India, BSE India, 5paisa, Choice India, Anand Rathi, Trading Economics, Investing.com