Pre-Market Analysis for 05 June 2025: Nifty Near Weekly Support, Watch Sectoral Rotations and Global Cues
By CapitalKeeper | Pre-Market Opening | Indian Equities | Market Moves That Matter
As we step into the trading session of 05 June 2025, the Indian stock market appears to be at a critical juncture, with the Nifty hovering around its weekly support zone. A combination of mixed global signals, shifting FII sentiments, and sectoral rotations suggests that stock-specific action will dominate today’s market.
Let’s decode the technical levels, sectoral setup, and global cues to guide your intraday trades.
📊 Indian Market Weekly Closing Snapshot (04 June 2025)
| Index | Closing Price | Weekly Change |
|---|---|---|
| Nifty 50 | 24,260.20 | 🔻 -456 pts |
| Bank Nifty | 55,676.85 | 🔻 -428 pts |
| Sensex | 80,998.24 | 🔻 -494 pts |
| Fin Nifty | 26,264.55 | 🔻 -390 pts |
The market continues its downward drift for the third straight session. Nifty has now corrected over 500 points from its recent highs, while Bank Nifty remains range-bound within a tight consolidation zone.
🌐 Global Market Cues: Mixed to Cautious
- US Markets ended mixed; Dow Jones fell 0.3%, while Nasdaq gained 0.2%, as investors weighed Fed’s stance on interest rates.
- Asian Markets: Nikkei trades flat, Shanghai Composite in mild red.
- SGX Nifty trades near 24,340, hinting at a flat to mildly positive start.
- Crude Oil steady around $78.5, keeping inflation expectations under watch.
- Dollar Index at 104.10, while the INR remains under mild pressure near 83.32.
- FII Data: Selling continues, but at a slower pace. Index long positions stay around 18.2%, still in risk-off territory.
📈 Technical Levels to Watch – 05 June 2025
🔹 Nifty 50 (24,260.20)
- Resistance: 24,500 / 24,700 (Critical for trend reversal)
- Support: 24,100 / 23,960 (Weekly trendline & psychological zone)
- View: Short-term bias bearish unless Nifty sustains above 24,500. Watch for reversal signs at weekly support.
🔹 Bank Nifty (55,676.85)
- Resistance: 56,000 / 56,200
- Support: 55,200 / 54,800
- View: Still within a broad consolidation; aggressive buying only above 56,200.
🔹 Fin Nifty (26,264.55)
- Resistance: 26,500
- Support: 26,000
- View: Narrow range forming. Breakout/breakdown likely soon.
🧭 Sectoral Trends to Track
✅ Positive Sectors
- Pharma: Continues to outperform; defensive buying supported by global tailwinds.
- Energy & Power: Riding high on demand expectations and oil price support.
- Midcap PSU Banks: Select names showing accumulation on dips.
❌ Cautious Sectors
- IT: Underperforming as dollar inflows slow; Infosys and Wipro lag.
- Auto: Reacting to weak delivery and demand data post elections.
- Realty: High-interest rate expectations are leading to selling on rallies.
🚀 Top 5 Intraday Stocks for 05 June 2025
- Lupin (Buy above ₹1,954)
- Strong bullish engulfing candle, sector strength
- Targets: ₹1,980 / ₹1,996 | SL: ₹1,925
- ONGC (Buy above ₹238)
- Oil price supportive; bullish RSI
- Targets: ₹258 / ₹272 | SL: ₹218
- ICICI Bank (Sell below ₹1,430)
- Breakdown from rising wedge
- Targets: ₹1,480 / ₹1,510 | SL: ₹1,405
- Zydus Life (Buy above ₹933)
- Bullish crossover on MACD
- Targets: ₹952 / ₹985 | SL: ₹918
- Tata Motors (Sell below ₹712)
- Weak structure, auto under pressure
- Targets: ₹750 / ₹768 | SL: ₹697
🧠 Trade Setup & Strategy for the Day
- Index view: Nifty likely to stay range-bound between 24,100 – 24,500. Watch for a potential reversal from weekly support or confirmation of breakdown.
- Intraday bias: Stock-specific setups preferred over index trading.
- Volume caution: Global event risks and cautious FIIs may keep volumes lower.
- Strategy: Adopt a “Buy on strong support / Sell on resistance” approach. Avoid over-leveraging.
📌 Conclusion
The Indian stock market today may open flat and see selective participation amid global caution and weekly expiry pressure. Nifty is nearing a crucial demand zone; a bounce or breakdown here could define the next leg of the trend. Focus on defensives and energy stocks, while continuing to avoid overbought autos and underperforming IT names.
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and subscribe to our newsletter!
Leave a Reply