Short Covering Expect on Monthly Expiry...

EQUITY BULLETIN FOR 29 MAY 2025

On May 28, 2025, Indian stock markets ended slightly lower, with the Nifty 50 slipping 73 points to 24,752 and the BSE Sensex falling 239 points to close at 81,312. The decline was primarily driven by a 3% drop in ITC shares following a large block deal by British American Tobacco and the stock turning ex-dividend. Despite this, market breadth remained positive as seven of the thirteen sectoral indices ended in the green, and both the mid-cap and small-cap indices saw modest gains of 0.2% and 0.3%, respectively.

Among notable movers, Life Insurance Corporation (LIC) surged nearly 7% after reporting a strong 38% year-on-year jump in Q4 net profit to ₹19,013 crore and announcing a final dividend of ₹12 per share. Belrise Industries debuted strongly with an 11.11% premium on listing, while Bosch declined 3.2% due to weak quarterly earnings. Overall, the market sentiment remained mixed, with selective stock-specific action dominating the session.

Nifty Futures

Nifty Futures again closed on a bearish note in the last trading session. Now Nifty has near support around 24700 and upside crucial hurdle around 24850 levels. Break above 24850 will see an upside move till 25000-25200 levels in the upcoming trading session. Fresh bull run will expect on a daily close above 25000 levels.

On the other side, Nifty has crucial support around 24700 levels, break and close below 24700 will see a downside fall till 24600-24500 levels.

Trading strategy

Traders can Buy Nifty Future above 24850 with a stop loss below 24700 levels for the upside movement till 25000 — 25200 levels.

Bank Nifty Futures

Bank Nifty formed a doji candle the last trading session. We will expect a bounce from the lower levels in upcoming sessions. Bank Nifty has near resistance around 55600, breaks and sustains above 55600 will see an upside movement till 56000-56300 levels.

On the lower side, Bank Nifty has a major support around 55200, break and a daily close below 55200 will see a fresh downfall fall till 54800 levels.

Trading Strategy

Traders can buy Banknifty Future above 55600 with a stop loss below 55200 for the upside movement till 56000—56300 levels in an intraday trading session.

Stock Pick of the day (29/05/2025)

BSE

Buy BSE Futures above 2440 the upside move till 2495 and then to 2540 levels in the coming days. Stop loss below 2390.

*T&C Apply…