Stock Market Predictions for Tomorrow India by Experts-29 May 2025

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Stock Market Predictions for Tomorrow (May 29, 2025)

Indian stock markets continued to witness selling pressure for the second consecutive session on May 28, 2025. The Nifty 50 index dropped 73.75 points, or 0.30%, to close at 24,752.45, while the BSE Sensex fell 239.31 points to settle at 81,312.32, also down by 0.29%. The bearish sentiment was triggered by weakness across key sectors such as automobiles, FMCG, pharmaceuticals, and metals.

Despite the broader decline, selective financial and telecom stocks provided some cushion to the indices, preventing steeper losses. The market mood turned cautious after recent highs as investors booked profits and awaited new triggers, both globally and domestically.

Technical Summary :

Nifty Trend: Positive but weakening

The Nifty remains in a positive trend, but technical indicators show signs of fading momentum. Caution is advised as the index approaches key support levels.

Sensex Trend: Positive with caution

The Sensex is still trading above critical support, but bearish undertones are emerging. Long positions should be maintained with tight stop-losses.

 Nifty Key Technical Levels :

  • Support Levels: 24,705 / 24,657 / 24,578

  • Resistance Levels: 24,832 / 24,912 / 24,959

  • Stop-loss for Longs: 24,677

A break below 24,677 may shift the trend toward bearish, potentially triggering a move toward 24,578. For now, traders can look to buy near strong supports and sell on rallies.

 Sensex Key Technical Levels :

  • Support Levels: 81,166 / 81,021 / 80,797

  • Resistance Levels: 81,536 / 81,759 / 81,905

  • Stop-loss for Longs: 81,151

Holding above 81,151 keeps the bulls in play. A daily close below this level could open up downside towards 80,797 in the near term.

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 Outlook Summary :

  • Long Positions: Hold with stop-losses at 24,677 (Nifty) and 81,151 (Sensex)

  • Short Positions: Only initiate if the indices break below critical supports

  • Strategy: Continue trading the range until a breakout or breakdown confirms the next move

 

Market Highlights – May 28, 2025

  • Nifty 50 Close: 24,752.45 (−0.30%)

  • BSE Sensex Close: 81,312.32 (−0.29%)

 

Top Losers (Drags on Indices) :

  • IndusInd Bank: −1.93%

  • Apollo Hospitals: −1.89%

  • UltraTech Cement: −1.82%

  • ITC, Nestlé India, Hindalco: All down over 1.6%

 

Top Gainers :

  • HDFC Life: +1.51%

  • Bajaj Finance: +1.21%

  • BEL, Hero MotoCorp, Bharti Airtel: Posted modest gains

Despite sector-wide weakness, select financial stocks and telecom names outperformed, helping cushion the broader losses.

Nifty Forecast for May 29 :

While Nifty has slipped from recent highs, the overall trend remains constructive unless 24,677 is breached. A bounce from 24,657 or 24,578 support levels is possible. Bulls should watch for a close above 24,912, which could trigger a fresh rally toward 24,959 and beyond.

If Nifty breaks 24,677, expect accelerated downside pressure, and traders should consider switching to short positions with appropriate risk management.

Sensex Outlook :

For the Sensex, the level of 81,151 is crucial. As long as the index holds above it, long trades can be carried forward. A move above 81,759 will open up the path toward the next resistance at 81,905. However, caution is warranted as broader sentiment remains mixed.

Sectoral View

Strength:

  • Financial Services

  • Telecom

Weakness:

  • FMCG

  • Automobile

  • Pharma

  • Metals

The ongoing rotation out of defensives and consumption names into selective financials indicates traders are looking for value in beaten-down counters while avoiding high-valuation sectors.

 FINNIFTY Update :

  • Close: 26,420.80 (−0.6%)

  • Top Gainers: HDFC Life, SBI Cards, Bajaj Finance

  • Top Losers: ICICI Bank, Axis Bank

Despite weakness in banks, life insurers and NBFCs offered stability in the FINNIFTY index. The range-bound movement is expected to continue unless new triggers emerge.

1. How did markets close on May 28 ?

Nifty closed at 24,752.45, down 0.30%, while Sensex settled at 81,312.32, down 0.29%.

2. Why did markets fall today ?

Selling across FMCG, Auto, Pharma, and Metals weighed on sentiment, coupled with weak global cues and profit booking after recent highs.

3. What’s the short-term Nifty strategy ?

Buy near support zones (24,578–24,657) and sell near resistance (24,912–24,959). Avoid aggressive positions until a clear breakout.

4. Which stocks showed strength in a weak market ?

HDFC Life, Bajaj Finance, and Bharti Airtel were notable gainers and showed resilience.

5. When should traders consider shorting the market ?

Short trades can be initiated only if Nifty closes below 24,677 or Sensex drops below 81,151 on a closing basis.

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