Nifty Prediction for Tomorrow by Experts – 29 May 2025

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Nifty 50 Prediction for Tomorrow (May 29, 2025): Expert Technical Outlook

The Nifty 50 index ended lower for the second straight session on May 28, 2025, reflecting growing caution among investors. The index closed at 24,752.45, down 73.75 points (−0.30%), weighed down by profit booking in auto, FMCG, pharma, and metal stocks. Despite early strength, the market failed to hold on to gains as selling pressure intensified in the second half of the session.

However, technical experts maintain that the overall trend for Nifty remains positive, as long as key support levels hold. Here’s a detailed expert analysis and technical outlook for May 29, 2025.

Nifty Market Overview – May 28, 2025

  • Closing Value: 24,752.45 (−0.30%)

  • Day’s Range: 24,688.35 – 24,875.70

  • Advance/Decline Ratio: Weak, indicating broader market pressure

  • Volatility: India VIX ticked up slightly, suggesting nervousness

 

Top Losers: IndusInd Bank (−1.93%), Apollo Hospitals (−1.89%), UltraTech Cement (−1.82%)

Top Gainers: HDFC Life (+1.51%), Bajaj Finance (+1.21%), Hero MotoCorp

Nifty Technical Analysis for May 29, 2025

Current Trend: Positive but Losing Momentum

While the short-term trend remains constructive, the index has shown signs of fatigue after testing the 25,000 mark earlier in the week. Unless Nifty breaks below the 24,677 level, long positions can still be held with caution.

RSI Indicator:

The Relative Strength Index (RSI) is gradually pointing downwards, currently hovering around 52, which reflects a weakening in bullish momentum without entering oversold territory.

Also Read :-https://bytethenews.in/stock-market-predictions-for-tomorrow-india-by-experts-29-may-2025/

 

Key Levels to Watch:

  • Support:

    • First: 24,705

    • Second: 24,657

    • Strongest: 24,578

     

  • Resistance:

    • Immediate: 24,832

    • Next: 24,912

    • Major: 24,959

     

  • Stop-loss for Long Trades: 24,677 (on closing basis)

 

Experts View: What to Expect on May 29

Analysts believe that Nifty is likely to remain range-bound unless it breaks past the 24,912 resistance or slips below 24,657 support. The index is currently consolidating after touching record highs earlier this week, and traders are likely to follow a buy-on-dips and sell-on-rise strategy until a directional move confirms.

Expert Insight:

“With the market losing steam at higher levels, a pullback toward 24,657–24,705 may attract buying interest. However, if Nifty fails to reclaim 24,832, sellers could take control again,” said a senior technical analyst from a leading brokerage.

Strategy for Traders :

  • For Positional Traders: Hold existing longs with strict stop-loss at 24,677. Initiate fresh longs only if Nifty closes above 24,912.

  • For Intraday Traders: Focus on 24,705–24,832 range. Play the breakout with volumes.

  • For Bears: Short positions only below 24,657 on a decisive close, targeting 24,578 and below.

 

Sector View :

  • Strength Seen In:

    • Financials (HDFC Life, Bajaj Finance)

    • Telecom (Bharti Airtel)

     

  • Weakness Noted In:

    • FMCG (ITC, Nestlé India)

    • Auto (Hero MotoCorp marginally up, but Tata Motors weak)

    • Metals (Hindalco)

     

1. What was Nifty’s closing level on May 28, 2025 ?

Nifty closed at 24,752.45, down 73.75 points or −0.30%.

2. What is the short-term trend for Nifty ?

Still positive, but losing momentum. Key support at 24,677 must hold to maintain bullish bias.

3. When should traders go long on Nifty ?

If Nifty holds above 24,705 and shows strength toward 24,832, fresh longs can be considered.

4. What are the key resistance levels to break ?

24,832 and 24,912 are the immediate hurdles. A breakout above 24,959 may lead to new highs.

5. Is this a good time to short the market ?

Only consider shorting if Nifty closes below 24,657, with a target toward 24,578.

Personal Opinion

 

The Nifty 50 is currently in a make-or-break zone, hovering near crucial support. While the medium-term trend remains bullish, short-term traders should stay nimble. A break above 24,912 could reignite the rally, while a dip below 24,677may trigger a deeper correction. Watch the levels, follow the trend, and trade with discipline.

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