Nifty 50 Outlook for 30 May 2025

 

Nifty 50 Outlook for 30 May 2025

Market Recap (29 May 2025):

·         Nifty 50 closed at 24,833.60, up 81 points (+0.33%), snapping a two-day losing streak and reflecting broad-based buying across sectors

·         The index formed a Doji candlestick on the daily chart, indicating indecision between bulls and bears35.

·         Key gainers included IndusInd Bank, Sun Pharma, and Adani Ports, while some financial and FMCG names saw profit booking

Technical Levels to Watch:

Level	Value Range	Significance
Immediate Support	24,700–24,650	Sustaining above this zone is crucial for bulls; a break below could drag Nifty to 24,450.
Resistance	24,883 / 24,934 / 25,016	Pivot resistances; 25,000 is a psychological barrier
Intraday Support	24,825 / 24,670	For Nifty Futures; stop-loss at 24,800 advised
Intraday Resistance	25,200 / 25,300	For Nifty Futures; breakout above 25,000 could trigger further upside

Derivatives & Sentiment:

·         Options Data: Maximum Call open interest is at 25,000, highlighting it as a strong resistance. Significant Call writing at 24,800 and 25,000 further reinforces these barriers

·         Put-Call Ratio (PCR): Rose to 0.86 from 0.76, indicating a slight improvement in bullish sentiment but still below 1, suggesting cautious optimism

·         Chart Patterns: The Doji formation and holding above key moving averages signal indecision, with the next directional move likely on a break of the current range

Expert & Market Commentary:

·         Analysts suggest that a sustained move above 25,000 could trigger a rally toward 25,200–25,300.

·         If Nifty fails to hold above 24,700–24,650, expect a slide toward 24,45

·         The market is searching for fresh triggers, with both buying and profit booking seen across sectors

Sectoral Trends:

·         IT, pharma, and select metals are showing strength.

·         FMCG and NBFCs are witnessing some profit booking

 

Actionable Insights for 30 May 2025

·         For Traders:

·         Go long on Nifty Futures above 25,000 with a stop-loss at 24,800 and targets of 25,200–25,300

·         If Nifty breaks below 24,700, consider short positions targeting 24,450

·         For Investors:

·         Use dips toward support zones to accumulate quality large-caps, especially in resilient sectors like IT and pharma.

·         Risk Management:

·         Maintain strict stop-losses, as volatility and indecision remain high.

Outlook:
Expect range-bound to mildly bullish trade as long as Nifty holds above 24,700. A breakout above 25,000 could trigger momentum buying, while a breakdown below 24,650 may lead to further downside. Monitor sector rotation and global cues for intraday opportunities

 

Summary Table: Key Levels for Nifty 50 (30 May 2025)

Support Zone	Resistance Zone
24,700–24,650	25,000–25,300