Tuesday Trade Setup (June 3): Nifty 50, World Markets & 8 Key Stocks to Focus On

Sector Performance

The benchmark Nifty-50 ended Monday’s volatile session down 0.14% at 24,716.60. In contrast, the Bank Nifty gained 0.28%, closing at 55,903.40. Realty and FMCG sectors led the rally, while Metals and IT sectors lagged. Mid and small-cap indices also performed well, rising up to 1.3%.

Trade Setup for Tuesday

Nifty Outlook

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said Nifty shows a weak bias with a choppy trend. He expects a short-term bounce toward 24,900, with immediate support at 24,500.

Bank Nifty Levels

Bajaj Broking analysts placed immediate support for Bank Nifty at 55,000–55,200, with short-term support around 54,000–53,500.

Global Market Overview

Markets around the world remain cautious due to concerns over tariff wars and rising geopolitical tensions between Russia and Ukraine. Despite these risks, Indian markets stay resilient, thanks to strong institutional inflows and sector-specific strength in FMCG, real estate, and financials.

Domestic Positives

Vinod Nair, Head of Research at Geojit Financial Services, highlighted domestic factors such as a potential RBI rate cut, better monsoon, robust Q4 GDP data, and improved GST collections that support market sentiment.

💹 Stocks to Buy Today

Experts from Choice Broking, Anand Rathi, and Prabhudas Lilladher have picked 8 stocks for today’s trade.

📈 Sumeet Bagadia’s Picks (Choice Broking)

1. Intellect Design Arena Ltd (INTELLECT)

• Buy Price: ₹1192.80
• Target: ₹1276
• Stoploss: ₹1150

Bagadia noted that INTELLECT has shown a strong uptrend, recently making a 52-week high at ₹1197.9. The stock rebounded from support near ₹1080 and broke out of consolidation, indicating continued bullish momentum.

2. Valor Estate  Ltd (DBREALTY)

• Buy Price: ₹203.15
• Target: ₹218
• Stoploss: ₹196

DBREALTY broke out of its consolidation between ₹182 and ₹200. Increased trading volumes and a bullish candlestick pattern point toward a potential trend reversal.

📈 Ganesh Dongre’s Picks (Anand Rathi)

3. Bharat Heavy Electricals Ltd (BHEL)

• Buy Price: ₹261
• Target: ₹267
• Stoploss: ₹257

Dongre observed that BHEL holds strong above ₹257. Its bullish trend suggests a continued upward move with a good risk-reward ratio.

4. Oberoi Realty  Ltd (OBEROIRLTY)

• Buy Price: ₹1770
• Target: ₹1830
• Stoploss: ₹1735

Oberoi Realty shows a consistent bullish pattern. The current price holds firm above key support, signaling a retracement toward ₹1830.

5. Sona BLW Precision Forgings Ltd (SONACOMS)

• Buy Price: ₹545
• Target: ₹565
• Stoploss: ₹535

SONACOMS has shown a bullish reversal on the chart, with support at ₹535. A move toward ₹565 looks likely.

📈 Shiju Koothupalakkal’s Intraday Picks (Prabhudas Lilladher)

6. FEDERAL BANK  Ltd

• Buy Price: ₹206
• Target: ₹220
• Stoploss: ₹202

Koothupalakkal observed a triangle breakout with strong volume and bullish RSI, indicating potential for further upside.

7. Housing & Urban Development Corporation Ltd (HUDCO)

• Buy Price: ₹247.65
• Target: ₹262
• Stoploss: ₹242

HUDCO has been consolidating near ₹240. A bullish candle and improving RSI suggest fresh buying opportunities.

8. ESCORTS  Kubota Ltd

• Buy Price: ₹3383
• Target: ₹3500
• Stoploss: ₹3330

ESCORTS bounced from the 100-period MA near ₹3270. A revival in RSI points to potential gains toward ₹3500.

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