Nifty outlook today

 

On Thursday, May 29, 2025, the Nifty 50 index closed at 24,833.60, marking a gain of 81.15 points or 0.33%. This upward movement was supported by positive global cues and buying interest in sectors such as banking and pharmaceuticals. ([Moneycontrol][1], [5paisa][2])

The BSE Sensex also experienced a rise, closing at 81,633.02, up by 320.70 points or 0.39%. ([Moneycontrol][1])

Analysts suggest that the Nifty 50 has found support around the 24,570 level. A sustained close above 25,000 could invite fresh buying interest, potentially driving the index toward 25,400 and 25,600 levels. ([NDTV Profit][3])

Looking ahead, market experts project that the Nifty index is on track to move towards the 25,300–25,400 range, attributing the bullish momentum to strong market fundamentals. ([The Economic Times][4])

However, it's important to note that the overall market sentiment remains cautious, with indices posting minor losses for the second consecutive session on Wednesday. Analysts forecast a continued consolidation phase marked by selective buying, driven by investor caution ahead of key upcoming data and significant global developments. ([The Economic Times][5])

In terms of technical indicators, the Nifty 50's Max Pain is at 24,800, and a low Put-Call Ratio (PCR) of 0.64 potentially suggests limited upside. Similarly, the Bank Nifty's Max Pain is at 55,300 with a PCR of 0.79, hinting at range-bound action.