Stock Market Today: Nifty 50 Trade Setup and Key Stocks to Watch
The Nifty-50 index saw a volatile session, ending down 0.14%, while the Bank Nifty gained 0.28%. Key sectors like FMCG, real estate, and financials showed strength. Here are the trade setups and stocks to watch for Tuesday.
Stock MarketNifty 50Bank NiftyTrade SetupStock PicksReal Estate NewsJun 03, 2025
The underlying trend of Nifty remains choppy with a weak bias. According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the Nifty is expected to show a short-term upside bounce towards 24,900 in the next few sessions. Immediate support is at 24,500.
For the Bank Nifty, immediate support is placed at 55,000-55,200 levels, while the key short-term support is seen at 54,000-53,500, as per Bajaj Broking.
The domestic market has been in a consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and Ukraine. However, the Indian market has shown resilience, driven by robust institutional inflows and selective sectoral strength in FMCG, real estate, and financial stocks. Supportive domestic macro indicators include a potential RBI rate cut, a better monsoon, Q4 GDP data, and better GST collection, according to Vinod Nair, Head of Research at Geojit Investments Limited.
Several analysts have recommended key stocks for Tuesday. Sumeet Bagadia, Executive Director at Choice Broking, and Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, along with Shiju Koothupalakkal, Senior Manager — Technical Research at Prabhudas Lilladher, have provided their picks.
Stocks to Buy Today
1. Intellect Design Arena Ltd - Bagadia recommends buying Intellect Design Arena or INTELLECT at around ₹1192.80, keeping a stop loss at ₹1150 for a target price of ₹1276. The stock is currently trading at ₹1192.8, showing strong bullish momentum. It has formed a series of higher highs and higher lows, indicating a well-established uptrend. It recently rebounded from the support zone near ₹1080 and surged toward its recent high, suggesting a consolidation breakout.
2. Valor Estate Ltd - Bagadia recommends buying Valor Estate or DBREALTY at around ₹203.15, keeping a stop loss at ₹196 for a target price of ₹218. DBREALTY is currently trading at ₹203.15, having rebounded from a key support level and formed a bullish candlestick pattern on the daily chart. The stock has broken out of its recent consolidation range between ₹182 and ₹200, indicating the potential start of a trend reversal. This breakout is supported by a significant increase in trading volumes, highlighting strong buying interest.
3. Bharat Heavy Electricals Ltd - Dongre recommends buying Bharat Heavy Electricals Ltd or BHEL at around ₹261, keeping a stop loss at ₹257 for a target price of ₹267. The stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. It is currently trading at ₹261 and holding above a key support level at ₹257. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop loss placed strategically at ₹257 to manage downside risk. The target for this trade is set at ₹267.
4. Oberoi Realty Ltd - Dongre recommends buying Oberoi Realty or OBEROIRLTY at around ₹1770, keeping a stop loss at around ₹1735 for a target price of ₹1830. The stock has exhibited a strong and notable bullish pattern, offering another promising opportunity for short-term traders. It is currently priced at ₹1770 and maintaining a strong support at ₹1735. The technical setup indicates the potential for a price retracement towards the ₹1830 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop loss at ₹1735 offers a prudent approach to capturing the anticipated upside.
5. Sona BLW Precision Forgings Ltd - Dongre recommends buying Sona BLW Precision Forgings or SONACOMS at around ₹545, keeping a stop loss at around ₹535 for a target price of ₹565. The stock is currently trading at ₹545 and appears to be in a bullish zone for the short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹535, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹565 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound.
6. Federal Bank Ltd - Koothupalakkal recommends buying FEDERAL BANK at around ₹206 for a target price of ₹220, keeping a stop loss at around ₹202. The stock has indicated a triangular pattern breakout on the daily chart with a bullish candle formation and significant volume participation. The RSI is well placed and has indicated a positive trend reversal to signal a buy. With the chart technically looking good, we suggest buying the stock for an upside target of ₹220, keeping the stop loss at ₹202.
7. Housing & Urban Development Corporation Ltd - Koothupalakkal recommends buying HUDCO at around ₹247.65 for a target price of ₹262, keeping a stop loss at around ₹242. The stock has been consolidating near the ₹240 zone with a positive bias. With a positive bullish candle formation on the daily chart, it has shown strength and can carry on with the positive move for further rise in the coming sessions. The RSI is on the rise with strength indicated, having much upside potential for further gains. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹262, keeping the stop loss at ₹242.
8. Escorts Kubota Ltd - Koothupalakkal recommends buying ESCORTS at around ₹3383 for a target price of ₹3500, keeping a stop loss at ₹3330. The stock, after a short period of correction, has taken support near the important 100-period MA at ₹3270 zone and indicated a decent pullback to improve the bias once again, anticipating a further rise in the coming sessions. The RSI after correcting has once again indicated a revival to expect for further upward moves to carry on with the positive move further ahead. With the chart technically looking attractive, we suggest buying the stock for an upside target of ₹3500, keeping the stop loss at ₹3330.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Frequently Asked Questions
What is the current trend of the Nifty-50 index?
The current trend of the Nifty-50 index is choppy with a weak bias. However, it is expected to show a short-term upside bounce towards 24,900 in the next few sessions.
Which sectors showed strength during the volatile session?
The FMCG, real estate, and financial sectors showed strength during the volatile session.
What are the key support levels for the Bank Nifty?
The key support levels for the Bank Nifty are placed at 55,000-55,200 levels, with the key short-term support at 54,000-53,500.
Which stocks are recommended for buying today?
Stocks recommended for buying today include Intellect Design Arena, Valor Estate, Bharat Heavy Electricals, Oberoi Realty, Sona BLW Precision Forgings, Federal Bank, Housing & Urban Development Corporation, and Escorts Kubota.
What are the supportive domestic macro indicators mentioned?
The supportive domestic macro indicators mentioned include a potential RBI rate cut, a better monsoon, Q4 GDP data, and better GST collection.
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