Stock Market Today: Nifty 50 Trade Setup, Global Cues & 8 Stocks to Buy or Sell on Tuesday, June 3, 2025

The benchmark Nifty 50 ended Monday’s volatile session slightly lower at 24,716.60, down 0.14%. In contrast, the Bank Nifty closed higher by 0.28% at 55,903.40, supported by strong gains in the Realty and FMCG sectors. However, Metal and IT stocks dragged the index.

Broader markets outperformed, with mid-cap and small-cap indices rising up to 1.3%, reflecting positive momentum in secondary stocks.

Market Recap: June 2, 2025

The Indian stock market closed on a mixed note Monday. The Nifty 50 ended the day at 24,716.60, down 0.14%, reflecting continued volatility. In contrast, Bank Nifty rose 0.28% to close at 55,903.40, supported by gains in FMCG and realty sectors. Meanwhile, metal and IT stocks dragged the index.

Broader indices outperformed, with mid-cap and small-cap stocks gaining up to 1.3%.

📊 Trade Setup for Nifty 50 – June 3, 2025

According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the Nifty remains choppy with a weak bias but is expected to see a short-term bounce towards 24,900. Immediate support is seen at 24,500.

For Bank Nifty, immediate support lies at 55,000–55,200, while key short-term support is at 54,000–53,500, as per Bajaj Broking.

🌍 Global Market Snapshot

Global markets remain subdued due to escalating geopolitical tensions between Russia and Ukraine and renewed tariff war concerns. Despite this, the Indian markets show resilience, supported by:

Robust institutional inflows

Sectoral strength in FMCG, real estate, and financials

Supportive domestic indicators like:

A potential RBI rate cut

Strong monsoon outlook

Q4 GDP growth

Improved GST collections

According to Vinod Nair, Head of Research at Geojit Financial Services, these factors are keeping investor sentiment cautiously optimistic.

📌 8 Stocks to Buy or Sell Today – Expert Picks for June 3

✅ Sumeet Bagadia – Choice Broking

Intellect Design Arena Ltd (INTELLECT)

Buy at: ₹1192.80

Target: ₹1276

Stop Loss: ₹1150

Rationale: Strong bullish trend, fresh 52-week high, breakout from consolidation.

Valor Estate Ltd (DBREALTY)

Buy at: ₹203.15

Target: ₹218

Stop Loss: ₹196

Rationale: Breakout from range with rising volumes, trend reversal signs.

✅ Ganesh Dongre – Anand Rathi

Bharat Heavy Electricals Ltd (BHEL)

Buy at: ₹261

Target: ₹267

Stop Loss: ₹257

Rationale: Bullish momentum, holding key support level.

Oberoi Realty Ltd (OBEROIRLTY)

Buy at: ₹1770

Target: ₹1830

Stop Loss: ₹1735

Rationale: Continued bullish pattern, strong base support.

Sona BLW Precision Forgings Ltd (SONACOMS)

Buy at: ₹545

Target: ₹565

Stop Loss: ₹535

Rationale: Bullish reversal pattern, strong technical indicators.

✅ Shiju Koothupalakkal – Prabhudas Lilladher

Federal Bank Ltd (FEDERALBNK)

Buy at: ₹206

Target: ₹220

Stop Loss: ₹202

Rationale: Triangle breakout, rising volume, positive RSI.

Housing & Urban Development Corp Ltd (HUDCO)

Buy at: ₹247.65

Target: ₹262

Stop Loss: ₹242

Rationale: Breakout from consolidation, strong bias and momentum.

Escorts Kubota Ltd (ESCORTS)

Buy at: ₹3383

Target: ₹3500

Stop Loss: ₹3330

Rationale: Reversal from 100-day MA, technical recovery in progress.

⚠️ Disclaimer

The stock recommendations above are by individual analysts and brokerage firms. Investors are advised to consult certified financial advisors before making any investment decisions.