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Nifty 50 Prediction for Tomorrow (May 30, 2025): Expert Technical Outlook
The Nifty 50 index reversed its two-day losing streak on May 29, 2025, closing in the green amid broad-based buying and renewed investor confidence. The index settled at 24,833.60, up 81.15 points (+0.33%), after recovering from early weakness. Gains were driven by strong performances in private banks, IT, and pharma sectors, signaling resilience near key support levels.
Despite a cautious start and an intraday dip to 24,690, bulls regained control in the latter half of the session, supported by a fall in India VIX and buying in heavyweight counters.
Nifty Market Overview – May 29, 2025
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Closing Value: 24,833.60 (+0.33%)
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Day’s Range: 24,690.20 – 24,856.80
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Advance/Decline Ratio: Positive, indicating broader market participation
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Volatility: India VIX fell nearly 9%, signaling reduced fear
Top Gainers :
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IndusInd Bank (+2.47%)
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Sun Pharma (+1.99%)
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Adani Ports (+1.74%)
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Tech Mahindra, Infosys, Wipro: IT stocks added strength.
Top Losers :
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HDFC Life (−1.07%)
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BEL (−0.81%)
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Tata Consumer, Jio Financial, Bajaj Finserv: Minor declines.
Also Read :-https://bytethenews.in/stock-market-predictions-for-tomorrow-india-by-experts-30-may-2025/
Nifty Technical Analysis for May 30, 2025
Current Trend :
Positive and Regaining Momentum
The index bounced back from the crucial 24,677 support zone and managed to close above the immediate resistance of 24,832. This move suggests bullish continuity with strong buying interest on dips.
RSI Indicator
The RSI stands near 56, recovering from 52, indicating improving momentum but not yet in overbought territory.
Key Levels to Watch
Support Levels :
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First: 24,705
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Second: 24,660
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Strongest: 24,552
Resistance Levels :
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Immediate: 24,912
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Next: 24,959
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Major Breakout Point: 25,115
Stop-loss for Long Trades : 24,677 (on closing basis)
Experts’ View: What to Expect on May 30
Analysts remain optimistic as long as Nifty holds above 24,677. The recent close above 24,832 adds strength to the bullish outlook. However, a decisive move above 24,912 is needed for the next leg toward 24,959 and 25,115.
“Nifty’s bounce from sub-24,700 levels signals healthy consolidation. As long as 24,677 holds, bulls have the upper hand. A break above 24,912 will likely push the index toward 25,115,” said a senior technical expert.
Strategy for Traders
For Positional Traders :
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Continue holding long positions
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Add fresh longs on a close above 24,912
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Maintain stop-loss at 24,677
For Intraday Traders :
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Buy near 24,705–24,732
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Target: 24,912 / 24,959
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Play the breakout if Nifty crosses 24,912 with volumes
For Bears :
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Short only below 24,660
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Targets: 24,552 / 24,470
Personal Opinion
The Nifty 50 is back on a strong footing after bouncing from crucial support. While volatility has reduced, the index remains at a pivotal level. A sustained move above 24,912 can unleash further upside, but failure to hold above 24,677may reignite selling pressure. Stay nimble, manage risk, and let the levels guide your trades.
1. What was Nifty’s closing level on May 29, 2025 ?
Nifty closed at 24,833.60, up 81.15 points or +0.33%.
2. What is the short-term trend for Nifty ?
The trend is positive, recovering from recent dips. Momentum will pick up above 24,912.
3. When should traders go long on Nifty ?
Hold longs above 24,677. Add fresh positions above 24,912 with targets around 24,959–25,115.
4. What are the key resistance levels to break ?
24,912 and 24,959. A breakout above 25,115 will confirm bullish continuation.
5. Is this a good time to short the market ?
Only if Nifty closes below 24,660, with downside targets of 24,552 and 24,470.