Good morning, Traders! 📊
As we continue to navigate the early days of this new trading month, maintaining strict discipline and proper risk management remains essential. Here is the technical and fundamental overview for today's session, reflecting yesterday's closing data:
📈 **Key Index Levels (Support & Resistance):**
🔹 **NIFTY 50 (Close: 23,417)**
* **Resistance:** 23,550 | 23,600
* **Support:** 23,250 | 23,200
🔹 **BANK NIFTY (Close: 54,308)**
* **Resistance:** 54,800 | 54,900
* **Support:** 53,800 | 53,700
🔹 **SENSEX (Close: 74,360)**
* **Resistance:** 74,800 | 75,200
* **Support:** 73,900 | 73,500
🔄 **Previous Session Recap (June 4, 2026):**
* 🟢 **Top Gainers:** Titan Company, Eternal, Coal India, Cipla, and Adani Enterprises.
* 🔴 **Top Losers:** Infosys, Bajaj Finserv, Hindalco, SBI Life Insurance, and UltraTech Cement.
🎯 **Sectors & Stocks on Our Radar Today:**
* **Sectors in Focus:**
* **Banking Sector:** Keep a close eye on banking heavyweights like HDFC Bank and ICICI Bank, which extended their gains and protected the broader benchmarks from slipping into the red yesterday.
* **IT Sector:** Information technology emerged as the biggest drag on the market in the last session due to profit-booking. Watch closely to see if it finds immediate support or if institutional selling pressure continues.
* **Stocks to Watch:** Track **SBI**, **ICICI Bank**, and **Titan Company**. Watch how price action behaves near critical supply/demand zones before planning any trades, especially with the market maintaining a guarded approach ahead of the Reserve Bank of India's (RBI) Monetary Policy Committee decision.
Always remember to trade your plan, wait for the right setups, and rigorously manage your risk!
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Thanks & Regards,
Sayyad Mir Akbar Ali Mir Sarwar Ali
Technical, Fundamental and Astrological Research Analyst
Profit At Any Cost Financial Services Pvt Ltd & Munafa-3x Financial Services Pvt Ltd
📞 Contact & Stay Connected:
Phone: +918793711998
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Email: info@munafa3x.com | info@profitatanycost.com
Disclaimer: The technical, fundamental, and macroeconomic analysis provided here is strictly for educational and informational purposes. No part of this content should be construed as explicit investment or trading advice. Trading involves substantial risk, and readers must consult a certified financial advisor before making any financial decisions. We accept no responsibility for any financial losses incurred.
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