Stock Market Today: Trade Setup for Nifty 50 to Global Markets; Eight Stocks to Buy or Sell on Monday — 2 June 2025
As we step into the first trading session of June, investors are bracing for another week of action, guided by both domestic and global cues. The Nifty 50 index wrapped up May with notable gains, helped by a strong recovery in financial and IT sectors, while global markets remained cautious amid renewed trade tensions and interest rate uncertainties.
Let’s take a look at the trade setup for Monday, June 2, 2025, including global market cues, sectoral performance, key technical levels, and eight high-potential stocks to watch for buying or selling opportunities.
Global Market Overview
1. U.S. Markets
Wall Street closed mixed on Friday, reflecting investor caution ahead of the Federal Reserve’s mid-June policy meet. The Dow Jones Industrial Average fell 0.24%, while the S&P 500 ended flat. The Nasdaq Composite, however, rose 0.4% thanks to continued strength in AI and semiconductor stocks.
2. Asian Markets
Asian indices showed a muted start on Monday morning:
- Nikkei 225: +0.15%
- Hang Seng Index: -0.35%
- Shanghai Composite: +0.05%
Investors in Asia remain cautious due to weak manufacturing PMI data from China and South Korea.
3. Crude Oil & Dollar Index
- Brent Crude is trading at $79.45/barrel, down 0.8% amid concerns of sluggish global demand.
- The U.S. Dollar Index (DXY) stands at 104.2, showing relative strength that could influence emerging markets like India.
Indian Market Recap — May 30, 2025
| Index | Last Close | Weekly Change | Trend |
|---|---|---|---|
| Nifty 50 | 23,780 | +2.1% | Bullish |
| Sensex | 78,300 | +2.3% | Bullish |
| Nifty Bank | 52,840 | +2.8% | Strongly Bullish |
| India VIX | 12.4 | -5.6% | Low Volatility |
Market sentiment turned upbeat with strong GDP data for Q4 FY24 (growth at 7.2%) and easing inflationary pressures, further boosted by strong FIIs inflows and robust domestic consumption trends.
Nifty 50 — Technical Outlook for June 2, 2025
Key Levels to Watch:
- Support: 23,600 | 23,400
- Resistance: 23,900 | 24,100
- 200-DMA: 21,950 (long-term bullish trend intact)
- RSI (14-day): 67 — hovering near overbought zone
Technical Verdict: The Nifty has formed a bullish continuation pattern and could test the 24,000 level if it sustains above 23,900. A break below 23,600 could trigger mild profit booking.
Eight Stocks to Buy or Sell on Monday — 2 June 2025
Here’s a curated list of eight high-potential stocks based on technical setups, recent news, and institutional activity:
| Stock Name | Action | Rationale | Target Price | Stop Loss |
|---|---|---|---|---|
| Infosys (INFY) | Buy | Strong bullish breakout; tech demand continues | ₹1,780 | ₹1,690 |
| Reliance Industries (RIL) | Buy | Consolidation breakout above ₹2,960; energy stocks in focus | ₹3,100 | ₹2,890 |
| Tata Motors | Buy | Auto sales recovery and EV segment outlook bullish | ₹1,100 | ₹1,035 |
| HDFC Bank | Buy | Momentum in banking sector; strong institutional buying | ₹1,850 | ₹1,765 |
| Zomato | Sell | Profit booking after a steep rally; RSI overbought | ₹165 | ₹187 |
| IRCTC | Sell | Weak volume breakout below support; tourism outlook uncertain | ₹880 | ₹925 |
| Adani Enterprises | Sell | Bearish engulfing pattern on weekly chart | ₹2,480 | ₹2,615 |
| Bharti Airtel | Buy | Telecom sector gaining momentum post ARPU hike announcement | ₹1,210 | ₹1,145 |
Note: Investors should use a strict stop-loss strategy and consult their financial advisor before acting.
Sectoral Trends to Watch
| Sector | Outlook | Commentary |
|---|---|---|
| IT | Bullish | Global demand for AI, cloud services keeps sector buoyant |
| Banking & Finance | Bullish | Strong credit growth, NIM expansion, and Q4 results support sentiment |
| FMCG | Neutral | Rural demand remains tepid; margin pressure easing slightly |
| Auto | Positive | EV adoption and improving consumer demand ahead of monsoon |
| Pharma | Cautious | Regulatory headwinds and export softness weigh on outlook |
| Metals | Bearish | Weak global commodity prices and Chinese slowdown |
📝 Key Events to Watch This Week
- June 3: India Manufacturing PMI for May
- June 4: U.S. Job Openings Data (JOLTS)
- June 6: U.S. Non-Farm Payrolls (NFP) — major Fed rate decision indicator
- Ongoing: Q4 FY24 earnings wrap-up for midcaps and smallcaps
FAQs: Stock Market Setup for June 2, 2025
| Question | Answer |
|---|---|
| What is the trend for Nifty 50 on June 2, 2025? | The trend remains bullish with a possibility of crossing 24,000 if 23,900 is breached. |
| Which global factors are impacting Indian markets currently? | U.S. Fed rate outlook, dollar strength, crude oil prices, and Asian economic data. |
| Is it a good time to invest in tech stocks? | Yes, especially large-cap IT stocks benefiting from AI and cloud growth. |
| What sectors are expected to perform well in June 2025? | Banking, IT, Auto, and Telecom sectors have favorable outlooks. |
| Why is Zomato recommended as a ‘Sell’? | Overbought technicals and profit-booking tendencies after a sharp rally. |
| What should investors be cautious about this week? | U.S. economic data, especially jobs report, could spark volatility in global markets. |
| How is the India VIX behaving, and what does it indicate? | India VIX is at 12.4, indicating low market volatility and stable investor sentiment. |
| Should long-term investors worry about short-term corrections? | No, long-term trends remain positive; short-term corrections offer buying opportunities. |
Conclusion
As we begin a new trading month, Indian equity markets seem to be on solid footing, backed by strong economic data, consistent foreign inflows, and a supportive global tech environment. However, caution is still advised due to global macro uncertainties, particularly around U.S. monetary policy.
Investors should stay selective, focus on fundamentally strong stocks, and use technical indicators to time their entries and exits. The Nifty 50 may continue its upward journey, but the 24,000 mark will act as a key psychological and technical hurdle.
In summary, June 2 could present a fresh opportunity for market participants, especially in sectors like IT, banking, and auto. Tactical trades should be paired with disciplined risk management, while long-term investors can look to add quality stocks on dips.