Nifty 50, Sensex Today: What to expect from Indian Stock Market in Trade on May 29 after Trump’s tarifs blocked

The Indian Stock Market Benchmark Indices, Sensex and Nifty 50, Are Likely to Open Higher on Thursday, Tracking Positive Cues from Global Markets.

The trends on gift nifty also indicate a positive start for the Indian Benchmark Index. The gift nifty was trading Around 24,843 Level, a Premium of Nearly 80 Points from the Nifty Futures’ Previous Close.

Sentiment in the Global Markets Improved after the Manhattan-Based Court of International Trade Blocked President Donald Trump from from IMPOSING TARIFS on COUNFS ON CONTRIS Under EmerGENCY POWS POWS

On Wednsday, The Domestic Equity Market Ended Lower for the Second Consecurable Session, with the Benchmark Nifty 60

The sensex dropped 239.31 points, or 0.29%, to close at 81,312.32, while the nifty 50 settled 73.75 points, or 0.30%, to lower at 24,752.45.

Here’s what to expect from senses, nifty 50 and bank nifty today:

Sensex prediction

Sensex Hovered Between 81,200 and 81,600 on Wednsday and Formed A Small Bearish Candle on Daily Charts, which indicates indexiveness indexiveness between the bulls and the bears.

“We believe that the intraday market texture is non-directional; perhaps traders are waiting for a breakout on either side. For day traders, now, 81,600 would be the immediate breakout level. Sensex is Likely to RETEST The Levels of 82,100 – 82,500. Head Equity Research, Kotak Securities.

Nifty oi data

In the derivatives space, the highest call open interest (OI) was at the 25,000 strike, while the highhest put oi stood at 24,500, suggesting a likely Near-Term Range Between 24,500 and 25,000. Market Participants Should Continue Monitoring Global Cues and Domestic Macro Data for Further Direction, Said Mandar Bhojane, Equity Research Analyst at Choice Broking.

Nifty 50 prediction

Nifty 50 declined 0.30% to end at 24,752.45 on May 28, Forming a Modest Bearish Candle.

“Nifty 50 Failed to Reclaim The 9 Ema and Drifted Closer to the 20 EMA, Reflecting Sustained Selling Pressure at Higher Levels. Faced Rejection. Support If the Decline Deepens, “said Om Mehra, Technical Research Analyst, Samco Securities.

According to Him, A Decisive Move Above The 25,000 – 25,020 is still essential for the continuation of bulish set up. Until that Occurs, The Index Remains Vulnerable to Further Downside. The current tone appears cautious, with neither the bulls no the bears taking full control.

Hrishikesh Yedve, AVP Technical and Derivatives Research at Assit C. Mehta Investment Interrmediates Ltd. Highlighted that the nifty 50 index formed a red candle on the daily chart, indicating weighting.

“However, It Continues to Trade Above Its Its 21-Day Exponical Moving Average (21-DEMA), which is positioned near 24,570. As long as the index holds Abovel this Level, The Prabability of A APLBICKK MOVEL Cannot be Rules Out. On the UPSIDE, The Index is Likely to Face Strong Resistance Near The 25,000 – 25,100 Zone, ”Yedve Said.

Dr. Praveen Dwarakanath, Vice President of Hedged.in said that Nifty 50 Continues to Be Range Bound Between 24,500 and 25,150 Levels, with Sell Near higher levels and buy Near Dips.

“The Higher Timeframe Momentum is Still Suggesting an UPSIDE, Thus Yesterday’s Fall is an Opportunity to Go long. The fall has pushed the stochastics on house Bounce from the current levels, “dwarakanath said.

Bank nifty prediction

Bank Nifty Gained 64.20 Points, or 0.12%, to Close at 55,417.00 on Wednsday, Forming a small-bodied green candle amid a narrow trading range.

“Bank nifty index during the current week tested the upper band of the last 4 weeks consolidation range placed Around 55,800 – 56,000 Levels. Overall, We expect the Bank Nifty Indend to Extends to Extension 4 Weeks’ Consolidation in the broad range of 56,000 – 53,500. ONLY A Move 56,000 Levels will signal Acceleration of the up Move towards 56,700 Levels in the coming sessions, “SAID BAJ BOJA BOJA BOJA BAJE SESS

According to the brokerage firm, immediati support is placed at 54,800 levels, while short -term support is seen at 54,000 – 53,500 being the confluence of keefluence retracemet and 50 days.

Om Mehra Believes That The Index Remains Supported Above Its Rising Trendline on the Daily Chart and the Midline of the Bollinger Bands, Indicating that Short-Term Support is still into intact. The resistance remains near the upper band, Around 55,900, which may limit the UPSIDE Attempts.

“The rsi stands at 59, while the macD remains skewed to the downside. Immediane support, followed by 54,400 If Selling Pressure Intensifies, ”said mehra.

Hrishikesh yedve said that the bank nifty index formed a small green candle on the daily chart, indicating strength.

“On the UPSIDE, it is still facing resistance near the 56,000-56,100 zone. On the downside, 21-dema support is placed near 54,830. As long as the index remains Abovel, It COOLDELD ATEVEL Relief Rally Towards 56,000 Levels, ”Yedve said.

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