Nifty 50 Sensex Prediction Today:

The Indian stock market is expected to open on a cautious note today, June 2, as global market trends remain weak. Gift Nifty, a key indicator of domestic market sentiment, was trading slightly below the previous close, suggesting a flat or muted start.

Nifty 50 Sensex Prediction Today:

On Friday, the Indian benchmark indices closed lower. The Sensex dropped by 182 points to settle at 81,451, while the Nifty 50 lost 83 points to close at 24,751. This reflects the ongoing uncertainty in market direction.

Sensex Outlook

Technical charts show that the Sensex is currently trading between 80,900 (support) and 82,200 (resistance). This indicates a sideways trend. A move above 82,200 could lead to a rally toward 82,900 or even 83,700. On the downside, falling below 80,900 could push the index toward 80,300 or 79,800.

Nifty 50 Outlook

Nifty 50 is showing mixed signals. Though it has dropped slightly in the past week, it still gained 1.71% over the month, showing long-term strength. Currently, the index is moving between 24,500 and 25,000. A breakout on either side of this range will decide the next big move. A close above 25,000 may spark a rally up to 25,300, while a dip below 24,500 could lead to a fall toward 24,200.

Bank Nifty Outlook

Bank Nifty closed at 55,750, forming a positive weekly candle. It is trading near its upper range and remains strong above its 21-day EMA. Support is placed at 55,000 and 54,500, while resistance lies at 56,100. A move above 56,000 could trigger a rally toward 57,000.

Overall, the market is in a consolidation phase with a positive long-term bias. Traders should watch for key support and resistance levels and may consider buying on dips near support areas.

Disclaimer: This is a simplified market summary for educational purposes. Please consult a certified financial advisor before making investment decisions.

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