Sensex Prediction for Tomorrow 5 June 2026: RBI MPC Decision, F&O Outlook and Technical Levels
- June 4, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Sensex 74,360.01 +0.02% on 4 Jun, high 74,544.24, low 73,807.30. VIX 15.89. RBI MPC 5 Jun 10 AM. Support 73,900, resistance 74,700.
The Sensex prediction for tomorrow 5 June 2026 is cautiously bullish after the BSE Sensex closed at 74,360.01 (++0.02%) on 4 June 2026, recovering from an intraday low of 73,807.30 to reach a high of 74,544.24. While the Sensex net change on the day was modest, the intraday recovery of over 700 points from the session low provides a positive technical base for the Sensex prediction for tomorrow. The primary event catalyst is the RBI MPC announcement at 10 AM on 5 June 2026, where banking heavyweights HDFC Bank and ICICI Bank (together constituting over 22% of Sensex weight) will be the most direct beneficiaries of a dovish policy outcome.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, analyse the technical levels, F&O data and event catalysts for the Sensex prediction for tomorrow 5 June 2026.
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Sensex Technical Levels for 5 June 2026
| Level Type | Value |
|---|---|
| 4 June Close | 74,360.01 |
| 4 June High | 74,544.24 |
| 4 June Low | 73,807.30 |
| Support 1 | 73,900 |
| Support 2 | 73,500 |
| Resistance 1 | 74,700 |
| Resistance 2 | 75,000 |
| Trend | Cautiously Bullish (RBI-dependent) |
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Ankit Jaiswal observes that the Sensex prediction for tomorrow is technically anchored at the 73,900 support zone, which aligns with the 20-day moving average on the daily chart. He notes that the intraday recovery from 73,807.30 to 74,544.24 today reflects institutional absorption of selling pressure, a positive signal for the Sensex prediction for tomorrow. A sustained break above 74,700 post-RBI would be the first meaningful bullish signal for the Sensex in the current corrective phase.
Kunal Singla notes that the Sensex prediction for tomorrow is heavily weighted toward the RBI event. He observes that a hold with neutral-to-dovish commentary would provide immediate support to HDFC Bank, ICICI Bank, Axis Bank and SBI, collectively moving the Sensex by 200-400 points within the first hour of the 5 June trading session.
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Sensex F&O Analysis for 5 June 2026
Sensex futures and options on BSE for the near-term expiry show Call OI concentration at 74,500 and 75,000, acting as the ceiling zone for the Sensex prediction for tomorrow. Put OI is highest at 73,000-73,500, providing a demand buffer. The implied volatility on Sensex options has eased in line with the VIX decline to 15.89, making option strategies for the Sensex prediction for tomorrow relatively more affordable than earlier in the week. Ankit Jaiswal notes that a post-RBI Sensex move above 74,700 with volume confirmation would be a technically significant breakout in the Sensex prediction for tomorrow.
Stocks to Watch for Tomorrow 5 June 2026: Ankit Jaiswal and Kunal Singla
| Stock | CMP (4 Jun) | Watch Zone | Target | Stop | Setup Trigger |
|---|---|---|---|---|---|
| SBI (SBIN) | Rs 979.25 | Rs 972-980 | Rs 998 | Rs 958 | RBI MPC hold + PSU bank momentum |
| ICICI Bank | Rs 1,251.70 | Rs 1,245-1,255 | Rs 1,275 | Rs 1,228 | RBI policy clarity + breakout above Rs 1,250 |
| Wipro (WIPRO) | Rs 204.32 | Rs 200-205 | Rs 218 | Rs 196 | Buyback record date today; post-record bounce |
| Eternal (Zomato) | Rs 254.35 | Rs 252-258 | Rs 268 | Rs 244 | Strong +2.98% today; quick commerce momentum |
| HDFC Bank | Rs 754.20 | Rs 748-756 | Rs 768 | Rs 738 | Institutional accumulation; Bank Nifty support |
Ankit Jaiswal, Senior Research Analyst at Univest, flags SBI and ICICI Bank as the two highest-conviction watch names for 5 June 2026, citing the RBI MPC decision at 10 AM as the primary directional trigger for the entire banking sector. He notes that a rate hold with a neutral or dovish tone would be positive for PSU and private banks alike, with SBI the preferred name given its +0.91% outperformance today. Wipro enters the watch list as the buyback record date falls on 5 June itself, with the Rs 250 buyback price providing a natural technical floor well above the current market price. Kunal Singla, Associate Director at Univest, highlights Eternal as the momentum pick for tomorrow, given its +2.98% move today on strong quick commerce volume data, and HDFC Bank as the defensive banking name with consistent institutional support. All levels are for reference only. Wait for the first 15-minute candle confirmation and the RBI announcement before acting on any of these names.
Key Sensex Constituents for the Prediction Tomorrow
- HDFC Bank (Rs 754.20): Largest Sensex weight. Closed marginally positive today. Support Rs 742, resistance Rs 768. RBI decision is the primary mover.
- ICICI Bank (Rs 1,251.70, ++0.78%): Strong performance today; continued institutional buying. Support Rs 1,228, resistance Rs 1,275.
- Reliance Industries (Rs 1,303.70, -0.72%): Mild decline today. Support Rs 1,280, resistance Rs 1,330. O2C segment under crude oil pressure.
- Infosys (Rs 1,201.30, -1.74%): Continued weakness. IT sector remains a drag on Sensex prediction for tomorrow. Support Rs 1,180.
- TCS (Rs 2,241, -0.03%): Near flat today. Support Rs 2,200, resistance Rs 2,265. Monitoring for any recovery signal.
Conclusion: Sensex Prediction for Tomorrow 5 June 2026
The Sensex prediction for tomorrow 5 June 2026 is cautiously bullish, supported by the intraday recovery from 73,807.30 to 74,544.24 today, a falling VIX at 15.89, and strong DII buying of Rs +5,740.89 Cr on June 3. The RBI MPC decision at 10 AM remains the primary catalyst for the Sensex prediction for tomorrow, with a rate hold and neutral-to-dovish tone being the most market-friendly outcome. Ankit Jaiswal identifies 73,900 as the key support and 74,700 as the resistance to break for the Sensex prediction for tomorrow to confirm a recovery. Kunal Singla advises waiting for the post-RBI price action before committing to directional positions in the Sensex prediction for tomorrow session.
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Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.
Frequently Asked Questions
What is the Sensex prediction for tomorrow 5 June 2026?
Ans. The Sensex prediction for tomorrow 5 June 2026 is cautiously bullish. After closing at 74,360.01 (++0.02%) on 4 June, support is at 73,900 and resistance at 74,700. The RBI MPC decision at 10 AM on 5 June is the primary catalyst for the Sensex prediction for tomorrow.
What are the Sensex support and resistance levels for 5 June 2026?
Ans. Sensex support 1 is 73,900 and support 2 is 73,500. Resistance 1 is 74,700 and resistance 2 is 75,000. A break above 74,700 post-RBI with volume confirmation would signal a bullish trend resumption in the Sensex prediction for tomorrow.
How does the RBI MPC decision affect the Sensex prediction for tomorrow?
Ans. Banking stocks constitute over 35% of the Sensex, making the RBI MPC decision at 10 AM the most direct event catalyst for the Sensex prediction for tomorrow. HDFC Bank and ICICI Bank together account for over 22% of Sensex weight. A dovish rate hold would be the most positive outcome.
What is the Sensex F&O outlook for 5 June 2026?
Ans. Sensex futures and options on BSE show concentrated OI near the 74,000-74,500 zone. Call writing at 74,500 caps near-term upside in the Sensex prediction for tomorrow, while Put OI at 73,000-73,500 provides a floor. The range for 5 June is 73,500-75,000 in a scenario where RBI is neutral.
What caused today’s Sensex to close at 74,360?
Ans. Sensex closed at 74,360.01 on 4 June after recovering from an early low of 73,807.30. The recovery was driven by banking stock outperformance (SBI +0.91%, ICICI Bank +0.78%) and a sharp VIX decline to 15.89. IT sector continued to weigh marginally but its selling pressure eased compared to the previous session.
Will Sensex cross 75,000 on 5 June 2026?
Ans. A Sensex move above 75,000 on 5 June 2026 would require a strongly dovish RBI decision at 10 AM combined with a significant reversal in FII flows. Given that FII net sold Rs 5,616 Cr on 3 June, a sustainable move above 75,000 is not the base case for the Sensex prediction for tomorrow. However, a short-term intraday spike to 74,800-75,000 is possible on a positive RBI surprise.
What global factors affect the Sensex prediction for tomorrow?
Ans. Global factors for the Sensex prediction for tomorrow 5 June include Dow Jones at 51,078.88 (+0.09%), Nasdaq at 27,086.81 (+0.42%) and S&P 500 at 7,599.96 (+0.26%) providing a broadly positive overnight backdrop. MCX crude near Rs 8,450 per barrel and the Dollar Index firmness are mild headwinds for the Sensex prediction for tomorrow.
What is the key risk for Sensex prediction for tomorrow?
Ans. The primary risk for the Sensex prediction for tomorrow is an unexpected hawkish RBI signal or rate hike that would sharply sell off banking stocks and push Sensex below 73,500. Secondary risks include FII selling resuming at peak May levels and crude oil spiking above Rs 9,000 on geopolitical escalation.
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