Ajit Mishra of Religare Broking Limited recommended three individual shares for investors to buy on Wednesday, June 3, 2026 [1, 2].
These recommendations come as the Indian equity market shows signs of recovery, offering a strategic window for investors to enter specific positions before potential further gains.
Mishra, who serves as the Senior Vice President of Research at Religare Broking, based his outlook on the behavior of the Nifty 50 index. He said the Nifty rebounded after retesting its previous swing low around the 23,250 mark [1]. This technical recovery suggests that the index has found support, which Mishra said created buying opportunities for the day [1, 2].
Market indicators provided a mixed backdrop for the session. The Gift Nifty was trading at 23,456 [3]. This represented a discount of 147 points from the previous close of Nifty futures [3].
While some reports suggest a broader list of recommendations with higher potential returns, the primary guidance for June 3 focused on these three specific shares [1, 2]. The strategy relies on the index's ability to hold its current levels after the recent dip, a common technical signal used by analysts to identify entry points.
Religare Broking continues to monitor the Nifty 50's volatility as it navigates these swing levels [1]. The current market sentiment reflects a cautious but opportunistic approach to the equity market's rebound [2].
“Nifty rebounded after retesting its previous swing low around the 23,250 mark.”
The focus on the 23,250 level indicates that technical analysts view this as a critical floor for the Nifty 50. By recommending specific stocks immediately following a test of this support level, Religare Broking is signaling that the broader market risk has decreased, making it a viable time for short-term tactical buys.
