Market Prediction for 1June 2026
Market Recap — Friday, May 30, 2026
The market saw a sharp sell-off on Friday:
| Index | Close | Change |
|---|---|---|
| Nifty 50 | 23,547.75 | -359.40 (-1.50%) 🔴 |
| Sensex | 74,775.74 | -1,092.06 (-1.44%) 🔴 |
| Bank Nifty | 54,239.20 | -614.65 (-1.12%) 🔴 |
| GIFT Nifty (futures) | 23,687 | -0.15% from prev close |
Why the Fall?
FII (विदेशी निवेशक) selling — persistent outflows
Below-normal monsoon forecast concerns
US-Iran agreement uncertainty triggering profit-booking
43 out of 50 Nifty stocks closed in red — massive breadth weakness
Friday's Top Gainers (bucked the trend)
| Stock | Change |
|---|---|
| Tech Mahindra | +4.39% ✅ |
| Infosys | +2.15% ✅ |
| Bharti Airtel | +1.70% ✅ |
| HCL Tech | +1.44% ✅ |
| Wipro | +1.25% ✅ |
| L&T | +1.05% ✅ |
🔑 Key observation: IT stocks were the ONLY sector in green on a brutal day. This shows strong momentum in IT/AI space.
📊 Monday (June 2) Market Outlook
Technical Levels
| Index | Support | Resistance |
|---|---|---|
| Nifty 50 | 23,353 / 23,232 | 23,743 / 23,864 |
| Bank Nifty | 53,589 / 53,187 | 54,889 / 55,291 |
| Sensex | 74,175 / 73,804 | 75,376 / 75,748 |
RSI has slipped towards 40 — signals weakening momentum, bearish bias
GIFT Nifty suggesting a flat-to-slightly negative opening
Market has fallen 3 sessions in a row — bounce possible but not confirmed
🎯 Analyst Stock Picks for Monday, June 2
Sumeet Bagadia (Choice Broking) — Stocks Under ₹100
| Stock | Buy Price | Target | Stop Loss | Upside |
|---|---|---|---|---|
| Yes Bank | ₹23.15 | ₹25 | ₹22.25 | ~8% |
| IFCI | ₹68.53 | ₹75 | ₹65 | ~9.4% |
| SBFC Finance | ₹91.50 | ₹99 | ₹87 | ~8.2% |
Ganesh Dongre (Anand Rathi) — Positional Picks
| Stock | Buy Price | Target | Stop Loss |
|---|---|---|---|
| Dabur India | ₹442-445 | ₹470 | ₹435 |
Sumeet Bagadia — Breakout Picks
(From his regular recommendations — exact stocks from search summaries)
Stocks showing bullish candlestick patterns on daily timeframe despite market weakness
🔮 Which Stocks Could Go Up Monday?
🟢 High Probability (Based on Friday's momentum + sector strength)
| Stock/Sector | Why |
|---|---|
| IT Stocks (TechM, Infosys, HCL, Wipro) | Only sector green on Friday. Strong buying interest. IT is the safe haven in this market |
| Bharti Airtel | Telecom strength continues, +1.70% on Friday |
| L&T | Infra/engineering resilient, +1.05% on Friday |
| Yes Bank | Analyst pick with clear target (₹25). Only Bank Nifty stock that gained (+1.93%) |
🟡 Watch for Bounce (Oversold)
| Stock | Why |
|---|---|
| Power Grid | Fell -4.11% Friday — could bounce if oversold |
| JSW Steel | Fell -2.47% — metal sector may recover |
| Bajaj Finance | Fell -2.35% — strong fundamentally, dip buying possible |
🔴 Avoid/Cautious
| What to Avoid | Why |
|---|---|
| Metal stocks | Weak sector, global uncertainty |
| Power stocks (NTPC, PowerGrid) | Selling pressure, monsoon worry |
| Auto stocks (M&M, Eicher) | Bearish momentum continues |
⚡ Quick Summary
| Factor | Signal |
|---|---|
| Market trend | 🔴 Bearish (3 days falling) |
| Opening expected | Flat to slightly negative |
| Strongest sector | 🟢 IT / Telecom |
| Weakest sector | 🔴 Metals, Power, Auto |
| Best short-term bets | Tech Mahindra, Infosys, HCL Tech, Bharti Airtel |
| Best value dip-buy | Bajaj Finance, Yes Bank, Dabur |
| Strategy | Stick with IT stocks, avoid catching falling knives in metals/power |
⚠️ महत्वपूर्ण अस्वीकरण: मैं एक AI कोडिंग सहायक हूं, SEBI-पंजीकृत सलाहकार नहीं। यह वित्तीय सलाह नहीं है। बाजार जोखिम भरा है। कृपया:
अपना खुद का शोध करें
सोमवार सुबह GIFT Nifty और SGX Nifty की ताज़ा स्थिति देखें
स्टॉप लॉस ज़रूर लगाएं
SEBI-पंजीकृत सलाहकार से बात करें
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