Nifty 50, Sensex Today: What to expect from Indian Stock Market in Trade on June 3

The Indian Stock Market Benchmark Indices, Sensex and Nifty 50, Are Likely to Open Higher Amid Upbeat Global Market Cues, even as Sentient Remains Cautious.

The trends on gift nifty also indicate a positive start for the Indian Benchmark Index. The gift nifty was trading Around 24,859 Level, a Premium of Nearly 33 points from the nifty futures’ Previous Close.

On Monday, the domestic equity market ended marginally lower amid valati, staging a recovery from early declines.

The sensex declined 77.26 points, or 0.09%, to close at 81,373.75, while the nifty 50 settled 34.10 points, or 0.14%, lower at 24,716.60.

Here’s what to expect from senses, nifty 50 and bank nifty today:

Sensex prediction

Sensex Dropped 77 Points and Closed at 81,373.75 on Monday, Taking Support Near 80,600 Level during the day.

“We are of the view that, the current market texture is non Directional Hence Level Based Trading Would be the ideal strategy for day traders, 81,100 and the 20-day sma or 81,300 81,300 would act aCHY SOPTREY SUPTROT Levels. Correct up to 80,600 – 80,400, “said shrikant chouhan, head equity research, kotak secondies.

Nifty 50 prediction

Nifty 50 showed signs of UPSIDE Recovery from the Lower Levels on June 2 and Closed the Day Lower by 34 points.

“A small positive candle was formed on the daily chart with a long lower shadow. A Fall of Few Sessions. The Underling Trend of Nifty 50 Remains Choppy With Weak Bias, “Said Nagaraj Shetti, Senior Technical Research Analyst at HDFC SECRITES

Having shown upside recovery from the higher lows on monday, the nifty 50 is expected to show a short term UPSIDE BHANCE TOWARDS 24,900 in the Next Few Sessions. Immediate support is at 24,500, he added.

Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment InterrMed uses Ltd. Noted that the nifty 50 formed a hammer candlestick on the daily chart, suggesting potential strength.

“Immediate support for the Index is Placed Near Its 21-DAY EMA, which is Around 24,620, Followed By 24,500. On the UPSIDE, The Index Might Face Strong Resistance Resistance Resistance Near the 25,000-25,100 Zone,” Said.

Vla Ambala, Co-Founder of Stock Market Today Expects Nifty 50 Index to Remain in a small range for the next two to three days, as there are no significant news events or triggers.

“Nifty 50 is trading near its 20-day ema, which is acting as an immediati support level for swing traders. Based on these developments, we can expert nifty 50 to trade of 25,000 to TRADE 24,300 this entrance week.

Bank nifty prediction

Bank Nifty Index Ended 153.70 points, or 0.28%, Higher at 55,903.40 on monday, extended gains for the fourth session in a row.

“Bank Nifty Index has Formed A Small Bull Candle with a Higher High and Higher Low, Signaling Consolidation with positive bias. The index is currently placed at the upper band of the upper band of the last Range Placed Around 55,800 – 56,000 Levels. in a note.

According to Broking Firm, The Bias Remain Positive and Dips Should Be Used As A Buying Opportunity with ImmediaTe Support Plated at 55,000 – 55,200 Levels While The key Short -first -first -first -first -first -first -first -first -first At 54,000 – 53,500 being the confluence of key retracement and 50 days ema and the lower band of the last 5 weeks consolidation range.

Hrishikesh yedve said that the bank nifty index formed a green candle on the daily charts, indicating bully

“On the UPSIDED, IMMMIDIATE Resistance is Seen Near The 56,100, and a Firm Breakout Above This Level Could Expend Gains Gains Vowels 57,000-57,500. 57,500. On the Downside, The 21-Dema Placed Near 55,060, Will Act As Strong Support.

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