Nifty prediction today – June 3, 2025: Volatile and range bound. Stay out of the market

Nifty 50 is trading lower. The price action over the last few trading days indicate that the index is getting good resistance in the 24,850-24,900 region. The index touched a high of 24,845 in the early trades and has come down sharply from there. It is currently trading at 24,660, down 0.23 per cent.

Nifty 50 outlook

A crucial intraday support is at 24,575. A break below it can increase the downside pressure. Such a break can drag the Nifty down to 24,400-24,380.

On the other hand, if the index manages to sustain above 24,575, it can bounce back to 24,750-24,800 during the day.

As mentioned above 24,850-24,900 is an important resistance zone. Nifty has to rise past 24,900 to gain momentum. Only then a rise to 25,000-25,100 can happen.

For now, 24,575-24,900 is the trading range. A breakout on either side of this range will determine the next leg of move for the Nifty.

Nifty 50 futures

The Nifty 50 June futures contract is trading at 24,780. The contract has a key intraday support at 24,700. A break below it can drag the contract down to 24,600-24,500.

Resistance is in the 24,900-24,930 region. A strong rise above 24,930 is needed to gain strength. That can clear the way for a rise to 25,000.

Trading strategy

Market seems to be volatile and range bound. So we suggest trades to stay out of the market today.

Supports: 24,700, 24,600

Resistances: 24,930, 25,000

Published on June 3, 2025