Opening Bell Nifty Outlook, Sector Trends & 5 Futures Stocks to Watch :29th May 2025
By CapitalKeeper | Market Opening | Indian Commodities | Market Moves That Matter | 29.05.2025
As the Indian stock market kicks off the mid-week session, traders and investors are greeted with a cautious but resilient tone. Global sentiment remains mixed amid inflation commentary and Fed’s tone on rate trajectory. Domestically, Nifty 50, Bank Nifty, and Fin Nifty are opening near crucial technical zones, setting the stage for an eventful trading day.
📈 Nifty & Bank Nifty: Technical Outlook
- Nifty 50 : open near 24,820.
- Support: 24,700 / 24,560
- Resistance: 24,880 / 25,000
- RSI: 56 – Momentum positive but overextension visible
- MACD: Slight divergence; caution advised
- Price Action: Consolidation with a bullish bias
- Bank Nifty: Showing resilience; strong activity in private banks.
- Support: 55,100 / 54,800
- Resistance: 55,600 / 56,200
- RSI: 59 – In bullish territory
- MACD: Bullish crossover holding
- Price Action: Higher lows indicate strength
🌍 Global Market Snapshot
- US Markets: Dow closed +0.15%, Nasdaq down 0.2% – tech under pressure
- SGX Nifty: Flat to mildly positive
- Dollar Index: Hovering near 104.15 – range-bound
- Crude Oil: Brent near $81.30 – easing concern for inflation
- Asian Peers: Nikkei mildly red, Hang Seng marginally up
📊 Sector-Wise Trends at Open
✅ IT Sector
- Supported by a stable Dollar Index
- Mid-cap IT showing momentum: LTTS, KPIT on watch
✅ Auto Sector
- Stronger monthly volume expectations
- Stocks like Tata Motors, Hero MotoCorp trending higher
❌ Metal & Mining
- Slight weakness due to mixed China cues
- JSW Steel and Hindalco under mild selling pressure
✅ Financials
- PSU Banks may outperform today
- SBI, PNB could see upside if Bank Nifty holds gains
✅ FMCG & Pharma
- Defensive play intact, especially in HUL, Cipla, Sun Pharma
🔍 Top 5 Active Futures Stocks to Watch (29.05.2025)
1️⃣ Tata Motors
- CMP: ₹722
- RSI: 68 – bullish territory
- MACD: Positive divergence
- Trade Idea: Long above ₹985 with Target ₹1,010
- Outlook: Favorable trend supported by auto sector momentum
2️⃣ LTIMindtree
- CMP: ₹5,230
- RSI: 63 – sustained strength
- MACD: Bullish with no divergence
- Trade Idea: Long on dips to ₹5,200 with SL ₹5,150
- Outlook: Rising demand for digital and cloud services boosts sentiment
3️⃣ ICICI Bank
- CMP: ₹1,454
- RSI: 60 – in buying zone
- MACD: Sustained crossover
- Trade Idea: Long above ₹1,425, Target ₹1,500
- Outlook: Bank Nifty support aids upside potential
4️⃣ Adani Ports
- CMP: ₹1,412
- RSI: 54 – neutral-to-positive
- MACD: Early setup
- Trade Idea: Range-bound between ₹1,420–1,260
- Outlook: Watch for breakout above ₹1,460 for sharp move
5️⃣ Bosch
- CMP: ₹31650
- RSI: 66 – overbought zone
- MACD: Positive trend
- Trade Idea: Buy on breakout above ₹32,250
- Outlook: Auto ancillary segment leader on the move
🧠 CapitalKeeper Strategy Insights
- Volatility expected to rise ahead of May expiry.
- Focus on sector rotation: Banks, Auto, and IT appear strong; Metals likely to remain weak.
- Use tight stop-losses and risk-managed intraday entries.
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