Photo:- Pixabay.com
Stock Market Predictions for Tomorrow (28 May): Expert Analysis and Technical Insights
The Nifty 50 index declined 0.7% on May 27, 2025, amid broad-based selling pressure. Profit booking in large-cap banking, IT, and auto stocks weighed on the market. Despite temporary strength in a few names, the overall sentiment remained cautious as traders turned risk-averse ahead of GDP data and global uncertainties.
Technical Overview:
-
Current Trend: Consolidation with a bearish bias
-
Immediate Support Levels: 24,800 / 24,700 / 24,500
-
Resistance Levels: 25,100 / 25,150 / 25,400
-
RSI (Relative Strength Index): Turning downward, signaling fatigue in bullish momentum
-
Chart Pattern: Range-bound between 24,500 and 25,150
What to Expect Tomorrow (May 28):
Experts suggest that Nifty is likely to continue consolidating unless it gives a strong close above 25,150. If it breaks below 24,700, further downside toward 24,500 may occur. Traders are advised to buy near support and sell near resistance levels until a clear breakout emerges.
Nifty 50 & Sensex Performance – May 27, 2025:
-
NSE Nifty 50: Closed at 24,826.20, down 174.95 points (−0.70%)
-
BSE Sensex: Fell 624.82 points (−0.76%) to close at 81,551.63
Key Drags on Nifty 50:
-
ICICI Bank (−1.06%)
-
Axis Bank (−1.72%)
-
Tata Motors (−1.80%)
-
JSW Steel (−2.03%)
-
ITC (−2.29%)
Supportive Stocks: Jio Financial (+3.43%), IndusInd Bank (+2.57%), Trent (+0.85%)
Expert Nifty Forecast for 28th May:
Despite closing below 25,000, the broader trend remains constructive. Analysts expect a bounce if 24,700 holds. Upside targets remain 25,150 and 25,300. Caution is advised due to profit booking and FII outflows.
SENSEX Outlook:
-
Trend: Cautious
-
Current Close: 81,551.63
-
Support Levels: 81,291 / 80,744
-
Resistance Levels: 83,061 / 83,609
-
View: Remain light; long trades only above 82,500 with strict stop-loss at 81,151
Sector Highlights:
-
Top Gainers: Jio Financial (+3.43%), IndusInd Bank (+2.57%), Trent (+0.85%)
-
Weak Links: ITC, Axis Bank, Tata Motors, JSW Steel
-
Defensive Strength: Sun Pharma, Nestlé India held firm
Financial Services Update:
-
FINNIFTY Closed at: 26,420.80 (−0.6%)
-
Key Losers: ICICI Bank, HDFC Bank, Axis Bank
-
Top Gainers: Jio Financial (+3.43%), Cholamandalam (+1.24%), SBI Cards (+0.36%)
Frequently Asked Questions
1. What is the position of Nifty and Sensex today (May 27, 2025)?
Nifty closed at 24,826.20 (−0.70%), while Sensex settled at 81,551.63 (−0.76%).
2. What caused the market to fall today?
Broad-based profit booking in banks, IT, and autos weighed on the market. Weak global cues and cautious sentiment ahead of GDP data also contributed.
3. What is the forecast for Nifty tomorrow?
Experts suggest a sideways to negative bias unless Nifty decisively reclaims 25,150. Immediate support lies at 24,700.
4. Which stocks outperformed in a weak market?
Jio Financial, IndusInd Bank, and Trent showed resilience. Select defensives like Sun Pharma and Nestlé India also held steady.
5. What is the short-term strategy for traders?
Trade the range: Buy near 24,500–24,700 and sell near 25,150–25,300. Wait for a breakout or breakdown for directional trades.