Stock Market Update: Sachin Gupta’s Recommendations for CAMS and Jio Financial Services
Published: June 3, 2025 | 11:01 AM IST
The Indian stock markets have opened on a cautiously optimistic note today, reflecting mixed signals from global markets, with analysts closely monitoring ongoing geopolitical tensions and economic concerns. Sachin Gupta, a Senior Research Analyst at 5paisa, has provided stock recommendations for the day, specifically highlighting Computer Age Management Services Ltd (CAMS) and Jio Financial Services Ltd.
Current Market Overview
As trading commenced on June 3, the Nifty 50 index started at 24,786.30, witnessing a modest increase of 69.70 points or 0.28%. Simultaneously, the BSE Sensex opened at 81,492.50, up by 118.75 points or 0.15%. This tentative recovery comes amid global market apprehension, primarily due to escalating tariff disputes, geopolitical issues such as the ongoing Russia-Ukraine conflict, and fiscal challenges within the U.S. economy.
Market analysts are cautious, noting that these uncertainty drivers have kept investors on edge, exerting pressure on global equity markets. Despite this backdrop, data from the previous trading session showed that benchmark indices made a recovery, closing higher after a dip during early trading hours.
Technical Insights
On a technical basis, analysts observed that the Nifty formed a Bullish Hammer candlestick pattern—indicative of potential strength near the 20-day exponential moving average (EMA). This pattern hints at some buying interest, although a notable negative divergence in the relative strength index (RSI) suggests underlying momentum may still be weak.
Support levels for the index are seen around 24,500 and 24,300, while resistance is placed at 24,800-25,000 levels.
Recommendations for Investors
Computer Age Management Services Ltd (CAMS)
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Current Analysis: CAMS shares have recently surpassed previous swing highs, signaling a shift in momentum and potential continuation of an upward trend. The breakout has been supported by a considerable increase in trading volume, indicating strong investor interest.
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Technical Indicators: The RSI is positioned above 60, supporting bullish momentum without showing signs of exhaustion. Additionally, the stock is trading above its 200-day EMA, reinforcing a positive long-term outlook.
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Investment Strategy: Gupta recommends looking for buying opportunities in CAMS, with a target price of ₹4,280 to ₹4,350. Investors are advised to maintain a stop-loss at ₹4,000 on a closing basis to manage risk effectively.
Jio Financial Services Ltd
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Current Analysis: Jio Financial has shown a remarkable recovery from its all-time low in early March, reflecting a significant turnaround in investor sentiment. The stock’s upward trajectory has been characterized by the formation of higher highs and higher lows across both daily and weekly charts.
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Volume and Momentum: Increased trading volumes accompany the positive price action, validating the strength of the current uptrend.
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Investment Strategy: The stock appears to be well-positioned as long as it remains above the crucial support level of ₹270. Investors holding Jio Financial shares may consider maintaining their positions with a target price set at ₹320. A stop-loss at ₹270 is recommended to mitigate potential downside risk.
Conclusion
Today’s recommendations from Sachin Gupta of 5paisa reflect a careful analysis of current market conditions and technical indicators. As global economic uncertainties persist, investors are advised to consult with certified financial experts before making any investment decisions. Staying informed and approaching the market with caution can be key to navigating these volatile times.
For continuous updates, stay tuned to Smart Money Mindset for comprehensive insights into the stock market and other financial news.
Disclaimer: The views and recommendations adopted in this article reflect those of the individual analysts or brokerage firms and are not necessarily indicative of the opinions of Mint. Investors are encouraged to conduct their own research or consult with licensed professionals before proceeding with any investments.
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