29/05/2026
*Indian Markets – May 29th 2026*
Indian markets saw muted session led profit booking in broader markets in last session while small & midcap indices closed positive.
*Market Tone* -
Reports claim US-IRAN reach final peace deal but await for trumps approval.
Global Markets mixed to positive news of US-IRAN peace deal amid fresh strikes by both sides.
*GIFT Nifty* indicates negative opening amid muted global cues.
*US / Global Market*
Wall street close positive with S&P 500 and Nasdaq hit record highs as US-IRAN agree to extend ceasefire and final peace deal reports.
US Markets-
Dow Jones: +0.05% (+25)
S&P 500: +0.58% (+44 )
Nasdaq: +0.91% (+242)
US Futures: wall street futures steady after S&P500 & Nasdaq hit record highs on peace deal reports.
*Global Macro / Policy & Geopolitical*
• Iran conflict enters Day 90 with mixed news of US-IRAN peace deal final drafts under progress and fresh attacks by both sides amid ceasefire.
*Asia & Europe Markets*
Asian Markets (Morning)- most Asian markets muted to positive amid US-IRAN peace deal reports.
Nikkei: +2.15%
Hang Seng:+0.38%
Shanghai: -0.31%
Kospi: +2.50%
Taiwan: +2.30%
ASX 200( Aus) : +1.20%
European Markets (Previous Session)
Major European markets closed negative as middle east tensions weigh futures trade positive.
DAX: -0.34%
FTSE: -0.75%
CAC: -0.23%
*Commodities & FX*
: positive at 4540 From $4480 on news of Iran-US peace deal awaiting trump approval
: higher at $76.20 from $74.10 as middle east tensions ease of peace deal news.
Oil (Brent): prices lower at $96.13 from $91.85 on news peace deal.
Copper: positive at $6.426 from $6.41 amid mixed geopolitical tensions.
Natural Gas: positive at $3.32 from 3.06 on lower storage data.
Dollar Index: muted at 98.87 from 99.15 amid trump comments on peace talks & rate hike triggers amid rising Yields.
Indian Rupee: muted to 95.65 from 95.80 on dollar rebound and Crudeoil prices fall
Expected USDINR range: 95.00 – 96.50
Bond Yields
US 10Y Yield rise :4.437%
US 30Y Bond yields: 4.966
Japan 30Y Bond yields: 3.94%
UK 10Y Bond Yields: 4.82%
India 10Y Yield fall: 6.99% amid fall in Crudeoil and muted INR and muted Global Bond yields
*FIIs & Derivatives*
FIIs continue to remain cautious and are net sellers in cash markets and sellers in futures
FIIs (Cash): - ₹1042Cr
DIIs (Cash): +₹3821Cr
FII index futures in Jun series positioning remains short biased with few shorts addition to -163k from -153k in index futures with 16.25% longs positions,
Client are longs in index futures positions with 137k from 119k in index futures.
Pro traders are negative in Index fut at -9k from -6k
Dii's are net longs in index fut at 35k from 39k
Market breadth POSITIVE
Advance/decline ratio positive 7:6 in NSE in previous trading session.
*OI Trends*
Nifty Jun Fut flat by +0.11% with OI 1.49Cr with rise in Open interest change to 3.18% indicating long buildup
Nifty Jun weekly
Call Writing: 24000/24100
Put Writing: 23600/23700
Sensex may monthly exp
Call Writing: 76500/76000
Put Writing: 75000/75500
BankNifty Jun monhtly exp
Call Writing: 55500/56000
Put Writing: 54000/54500
PCR Ratio-
Nifty: 0.98
Bank Nifty: 1.06
Sensex: 0.98
PCR ratio indicates strong support put writing near 23600/23500 strikes on Nifty and call writing at 24300/24000 strikes for Jun monthly expiry,
Indicates range of 23700-24100 trading zone for day.
*Derivatives Trends*
Sectorial Futures trends in last session -
Short Covering:
Telecom, Metals, IT services, Smallcaps, Fmcg.
Long Build : Auto, Power sector, General industrials, Midcaps.
Long Unwinding:
Pharma, Diversified, Energy, Healthcare, Banks, Financials.
Short Build Up-
Reality, Retailing, Consumer Durables, Oil&Gas,
*Index Technical Levels*
* *
Daily Trend is neutral on Nifty amid Iran tensions weigh and US-IRAN peace deal reports
Expect lower opening on news of Middle east tensions and fall in Crudeoil prices.
Expect trading range for today to be 23760-24120 with buy on dips trend with 23720 as stoploss for longs.
For today Nifty above 23949 bullish trend and below 23765 bearish trend.
Last session Nifty saw consolidation session with profit booking across broader markets while smallcaps and midcaps, power sectors saw positive session, market breadth remained positive across broader markets yesterday.
Nifty minor support: 23827/23801
Major Support: 23719/23696
Major monthly support zone 23655/23636
Nifty Minor Resistance: 23949/24969
Major Resistance: 24026/24049
Major monthly resistance 24296/24349
Today's Broader Range: 23735 – 24100
Nifty View -
Market sentiment neutral buy on major dips trend, while smallcaps, Midcaps, power sector and IT services sector looks positive and
Metals, Banks, Financials, Cement & Reality sectors can be under pressure
* Nifty*
Banknifty trend neutral amid middle east peace deal talks and fresh Strikes tensions.
Bullish above 55236 and bearish below 54369 for today.
Today's Minor Support: 54596/54664
Major support zone at 54419/54450
Major monthly Support at 54055/54113 zone.
Minor Resistance: 54928/54889
Major resistance at 55125/55089 zone.
Monthly major resistance zone 55588/55630
Today's Expected Range: 54000–55400.
Falling Crudeoil prices could be positive triggers for PSU banks and Banking stocks.
*India VIX*
India VIX fall : (-7.13%) : at 14.98 from 16.13 in previous trading session amid muted indian markets.
*Sector Outlook* -
Positive bais -
Power, IT, Cement, Smallcaps & Midcaps, Psubanks, Fmcg.
Neutral - Banks, Financials, metals, chemicals, PSE, Retailing, consumers durables,
Negative- Oil&Gas, media, Auto, Reality, power, Infra,
*Stocks to Watch*(May 29th)
*Positive Bias*
Abb, Powerindia, Cummins, Exide, Swiggy, Cgpower, Hindalco, Suzlon, GVtd, Ofss, Wipro, Infy, Tmpv, Vedl, KEI, Ntpc, Lodha, Indigo, Gmrairport, Idfcfirsrbank, PGEL, Naukri.
*Negative Bias*
Bdl, Ongc, Mcx, Radico, BSE, ITC, Rvnl, Hdfcbank, Angelone, Tvsmot, Kaynes, Auropharma, Kpittech, Hdfclife, IEX, Dhelivery, Hdfcamc, Havells, Bicon.
*Market Mood*
Global sentiment neutral to positive
Indian markets trend neutral amid subdued global cues and neutral local cues amid Rupee weakness.
Broader Nifty range expected:
23760 – 24120.
✔ Stay disciplined
✔ Expect volatility due to geopolitical developments
Good trading day 👍
