Indian Stock Market Outlook Today (June 3, 2025): Nifty 50 Faces Mixed Cues Amid High Volatility
After a strong bounce back in yesterday’s session, the Indian stock market is set to open with cautious optimism on June 3, 2025. Despite global support, the elevated India VIX and mixed US futures are keeping traders on edge, especially option buyers.
Global Market Overview
US Markets: All major US indices closed positively – Nasdaq gained 0.67%, S&P 500 added 0.41%, and Dow Jones rose by 0.08%.
US Futures: Flat to mildly positive, indicating cautious optimism ahead of key data releases.
Asian Markets: Nikkei and Hang Seng are trading in green, with most Asian peers showing resilience.
Gift Nifty: Trading 40–50 points higher, indicating a mildly positive start for the Indian market.
India Market Snapshot (June 2, 2025 Closing)
| Index | Level | Change |
|---|---|---|
| Nifty 50 | 24,716.60 | -34.10 (-0.14%) |
| BSE Sensex | 81,373.75 | -77.26 (-0.09%) |
| Nifty Bank | 55,903.40 | +153.70 (+0.28%) |
| India VIX | 17.1575 | +1.08 (+6.72%) |
India VIX spiked by over 6.7%, reflecting heightened uncertainty, possibly due to geopolitical tensions, domestic data, and key RBI policy expectations.
Top Nifty 50 Stocks: Fundamental & Technical Overview
| Stock | RSI (14) | SMA Trend | MACD Signal | ADX Trend | Remarks |
| Reliance | 55 | Above SMA | Bullish | Bullish | Strong fundamentals; positive technical indicators. |
| HDFC Bank | 61 | Above SMA | Bullish | Bullish | Robust performance; technicals support upward momentum. |
| Infosys | 28 | Below SMA | Bearish | Bearish | Weak technicals; RSI indicates oversold conditions. |
| ICICI Bank | 73 | Above SMA | Bullish | Bullish | Overbought RSI; strong trend continuation. |
| TCS | 31 | Below SMA | Mixed | Bearish | RSI near oversold; cautious outlook. |
| Kotak Bank | 65 | Above SMA | Bullish | Bullish | Positive technicals; RSI suggests strong momentum. |
| HUL | 42 | Near SMA | Mixed | Bearish | Neutral RSI; awaiting clear trend. |
| ITC | 40 | Near SMA | Mixed | Bearish | RSI indicates neutral momentum; watch for breakout. |
| L&T | 55 | Above SMA | Bullish | Bullish | Strong fundamentals; technicals support continued growth. |
| Axis Bank | 63 | Above SMA | Bullish | Bullish | Positive indicators; RSI suggests strong momentum. |
Nifty 50 Index Technicals
RSI (14): 62.07 (Bullish)
MACD: Buy Signal
ADX: 46.72 (Strong Trend)
ATR: 93.93 (High Volatility)
Put Call Ratio (PCR): ~0.9 – indicates a slightly bullish stance among derivatives traders
Geopolitical & Domestic Sentiment Check
Geopolitics: Middle East tensions and Russia-Ukraine escalation continue to hover over global sentiment.
Domestic: Eye on RBI policy cues, monsoon progression, and FII flows amid election-related volatility.
Conclusion: What to Expect Today?
Despite yesterday’s bounce back, high India VIX levels and weak closes in Nifty/Sensex indicate a tug-of-war between bulls and bears. Gift Nifty, Asian cues, and US market strength offer early support, but high volatility suggests intraday traders, particularly option buyers, must tread with caution.
Watch key supports at 24,550 and resistance near 24,850 for Nifty 50.
Strategy: Use dips for stock-specific buys with strict stop losses; avoid naked option buying due to rising premiums and volatility.
Note:.Please keep in mind that the analysis above relies on information available as of June 2, 2025. It is recommended that investors perform their own research or seek guidance from financial advisors prior to making any investment choices..
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