Nifty 50 Outlook for June 2, 2025

 

Nifty 50 Outlook for June 2, 2025

Market Recap and Sentiment

·         On May 30, 2025, Nifty 50 closed at 24,750.70, down 81.45 points (−0.33%), amid broad-based selling. Only 8 out of 50 stocks ended in the green, reflecting weak market breadth and cautious sentiment

·         Major drags were seen in IT, auto, pharma, metals, and FMCG sectors, while PSU banks and select financials provided some support

·         Global cues remain subdued, with U.S. futures under pressure and Gift Nifty indicating a flat-to-negative opening for June 2

 

Technical Levels to Watch

Key Level	Value Range	Commentary
Resistance	24,892 / 24,988 / 24,950 / 25,000	Upside capped unless Nifty breaks above 24,900–25,000
Support	24,584 / 24,488 / 24,650 / 24,450	24,650–24,584 is crucial; breach may trigger further selling

·         Option chain data shows strong resistance at 24,800–24,900, with significant call writing, while put writers are defending 24,500

 

Strategy and Expert Views

·         Buy-on-dips remains the preferred approach as long as Nifty holds above 24,650. Sustaining above 24,900–25,000 could trigger short-covering and a move toward 25,150–25,300

·         A decisive break below 24,650 may invite heavier selling, with next supports at 24,450 and 24,300

·         The market is likely to remain rangebound and choppy, with stop-loss hunts common due to indecisive sentiment

 

Sector Trends

·         PSU banks and select financials are showing relative strength.

·         IT, auto, FMCG, and metals remain under pressure; avoid aggressive bets in these sectors for now

 

Opening Outlook

·         Gift Nifty and global cues suggest a flat-to-negative opening is likely on June 2, 2025

·         Expect initial weakness or sideways movement unless there is a strong domestic trigger.

 

Summary Table

Bias	Above 24,900–25,000	Below 24,650
Bullish	25,150–25,300	24,450–24,300
Neutral/Rangebound	24,650–24,900

 In summary:

Nifty 50 is expected to open flat to mildly negative on June 2, 2025, with 24,650 as a key support and 24,900–25,000 as stiff resistance. The index may remain rangebound, with a buy-on-dips strategy favored above 24,650. A breakout above 25,000 could trigger further upside, while a fall below 24,650 may lead to deeper correction. Remain cautious and watch for fresh triggers from global and domestic fronts