Pre-Market Analysis for 04.06.2025: Market to Open cautious amid Global Cues, IPL Festivities & Sectoral Rotation
As we gear up for the trading day on 04 June 2025, the Indian stock market is expected to start on a muted to cautious note, digesting mixed global signals, ongoing FII repositioning, and a mild slowdown in speculative volumes as the IPL 2025 season nears its conclusion. Here’s a comprehensive pre-market technical and sectoral analysis to help you make informed intraday trading decisions.
🔍 Indian Market Closing Snapshot (03 June 2025)
| Index | Closing Price | Change |
|---|---|---|
| Nifty 50 | 24,542.50 | 🔻 -244.10 pts |
| Bank Nifty | 55,599.95 | 🔻 -504.05 pts |
| Sensex | 80,737.51 | 🔻 -754.49 pts |
| Fin Nifty | 26,254.95 | 🔻 -365.05 pts |
The markets faced broad-based selling pressure, especially in Banking, Financials, and Auto sectors, amid rising global uncertainty and volatile oil prices.
🌐 Global Cues: Mixed Bag for Indian Equities
- US Markets closed marginally negative with the Dow Jones down 0.22% and Nasdaq flat as bond yields spiked after hawkish Fed commentary.
- Asian Markets (as of early morning): Nikkei is flat, while Hang Seng shows mild weakness.
- SGX Nifty is trading around 24,570, indicating a flattish to slightly positive start.
- Crude Oil has rebounded to $78+, raising input cost concerns for OMCs.
- Dollar Index at 104.12 and INR near 83.35 hint at currency pressure.
- FIIs remain cautious with Index Longs near 18.70%, showing reluctance to carry long positions ahead of major global economic data.
🏏 IPL Impact on Market Volatility
As IPL 2025 enters its final phase, retail participation in speculative trades often declines, leading to lower intraday volumes and whipsaw patterns. Historically, expiry weeks after IPL witness a spike in volatility, especially in midcaps and cash stocks.
🔍 Sectoral View
✅ Bullish Sectors to Watch:
- Energy & Power: Riding on strong demand and global coal/oil price strength.
- Pharma: Defensive buying amid global uncertainty.
- PSU Banks: Still showing resilience despite Tuesday’s fall.
❌ Cautious Sectors:
- Auto: Weighing under pressure due to weak monthly sales data and higher input costs.
- Private Banks: Seeing profit booking; charts show breakdown below 21-EMA.
- Realty: Reacting to interest rate uncertainty.
🔎 Technical Outlook
🔹 Nifty 50 (24,542.50)
- Support: 24,420 / 24,300
- Resistance: 24,700 / 24,860
- Bias: Range-bound to slightly bearish unless 24,700 is reclaimed
🔹 Bank Nifty (55,599.95)
- Support: 55,200 / 54,850
- Resistance: 56,150 / 56,500
- Bias: Weak unless it reclaims 56,200; selling on rise expected
🔹 Sensex (80,737.51)
- Support: 80,200 / 79,500
- Resistance: 81,200 / 81,800
- Bias: Sideways with mild bearishness
🔹 Fin Nifty (26,254.95)
- Support: 26,000 / 25,750
- Resistance: 26,500 / 26,750
- Bias: Strong resistance seen near 26,500; trend reversal only above 26,750
🚀 Top 5 Intraday Stocks for 04 June 2025
- NTPC (Buy above ₹328)
- Energy rally + strong RSI crossover
- Target: ₹358 / ₹372 | SL: ₹306
- Sun Pharma (Buy above ₹1,667)
- Pharma rotation + strong OBV
- Target: ₹1,775 / ₹1,790 | SL: ₹1,645
- Canara Bank (Buy above ₹117)
- PSU bank strength + bullish trendline
- Target: ₹145 / ₹157 | SL: ₹102
- M&M (Sell below ₹3,030)
- Breakdown of channel support in Auto space
- Target: ₹3,000 / ₹2,980 | SL: ₹3,050
🧠 Strategy for the Day
- Avoid aggressive index trading; prefer stock-specific opportunities.
- Keep SLs tight due to event-driven whipsaws.
- Focus on sectors with global tailwinds: energy, pharma, PSU banks.
- Watch out for sudden volatility during IPL match timings, especially post 2:30 PM.
📌 Final Word
With Nifty closing near crucial support and FIIs maintaining a risk-off tone, consolidation with stock-specific breakouts is likely. IPL’s final leg and global data flow may keep broader markets jittery. Focus on technically strong sectors and avoid chasing moves in weaker ones.
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