Nifty 50 opened with a gap-down at 23,229 today versus Monday’s close of 23,383. The index recovered some of its losses and is now hovering around 23,300, down 0.3 per cent.The advance/decline ratio stands at 9/41, showing a considerable downward bias. Infosys and TCS, up 4.3 and 3.6 per cent respectively, are the top performers of Nifty 50. On the other hand, Bajaj Finance, down 2.8 per cent, followed by NTPC, down 2.1 per cent, are the top losers.Coming to the sectors, Nifty IT (up 2.8 per cent) and Nifty Metal (up 0.7 per cent) are the only gainers. Financial services seem to be facing the biggest downward pressure so far today where Nifty Financial Services Ex-Bank is the biggest loser, down 1.6 per cent. Nifty Healthcare, down 1 per cent, follows Nifty Financial Services Ex-Bank.Overall, the indications so far today show a broad-based sell-off.Nifty 50 futuresThe June expiry Nifty futures began today’s session lower at 23,299 versus yesterday’s close of 23,462. It is now trading at 23,400, down 0.3 per cent.Although the contract has been on a recovery, there is a resistance at 23,430 from where the downtrend might resume. Once the fall restarts, Nifty futures can decline to 23,270.However, if the contract surpasses 23,430 and breaks out of 23,500, the outlook can turn positive. A breach of 23,500 can trigger a swift rally to 23,600. That said, the trend has been bearish recently and as mentioned above, we are seeing a broad-based sell-off today. So, a recovery above 23,500 is less likely. So, we suggest traders opting for sell on rallies strategy for intraday. Trading strategySell Nifty futures (June) at 23,430. Target and stop-loss can be 23,270 and 23,520 respectively.Supports: 23,270 and 23,200Resistance: 23,430 and 23,500Published on June 2, 2026