📅 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%)
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: 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
Trading below 20-week & 50-week EMA — Broader trend under pressure
📈 Today’s Market Outlook
Gift Nifty is trading +0.52% higher, pointing to a firm opening. European markets (DAX +0.95%, STOXX 50 +0.93%) add positive global cues. FII net selling of ₹3,912 crore may cap upside, while DII buying of ₹5,109 crore provides floor support.
- 🟢 Gift Nifty: +0.52% — positive open expected
- 🟢 European markets positive: DAX +0.95%, STOXX 50 +0.93%
- 🔴 FII net sellers: ₹3,912 crore (caution)
- 🟢 DII buyers: ₹5,109 crore (strong domestic support)
⭐ Top Performers – June 2
- 🏆 TCS — +6.74%
- 🏆 Infosys — +5.49%
- 🏆 HCL Technologies — +4.15%
🎯 Trade Recommendations – June 3, 2026
| 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 | Range-bound | 53,000 – 54,300 range | Below 53,000 |
| Tata Motors | BUY | Intraday dip | 1.5–2% scalp (2.9% ATR) | Previous candle low |
📌 Key Levels to Watch
Nifty 50
🔴 Major Resistance: 24,000 (breakout = strong bullish signal)
🟡 Immediate Resistance: 23,700 – 23,750
🟢 Immediate Support: 23,200 – 23,250
🔴 Key Downside: 23,100
Bank Nifty
🟡 Resistance: 54,100 – 54,300
🟢 Support: 53,000 – 53,100
📉 Below 20-week & 50-week EMA — stay cautious
🏦 Sectors in Focus
- 💻 IT / Technology — Strong momentum, favourable for swing trades
- 🏦 Banking — Consolidating; range-bound trade preferred
- 🚗 Auto — Tata Motors, M&M, Maruti — Watch for fresh catalysts
- ⛏️ Metals — Tata Steel, JSW, Vedanta — High beta intraday plays
- 🏗️ Infrastructure — Adani Ports, L&T — Monitor breakout setups
- 📱 Telecom — Bharti Airtel — Steady intraday candidate
Sources: NSE India, BSE India, 5paisa, Choice India, Anand Rathi, Trading Economics, Investing.com
