NIFTY 29 May 2025 Forecast – Participant Data + OI + Price Action Breakdown

📊 NIFTY Market Outlook – 29 May 2025 (Thursday)

Here's a detailed analysis of the NIFTY based on participant data, price action, and option chain for expiry day:

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🔍 Participant Data Insights

• FII: Medium Bearish in Index Futures (-78,987), indecisive in Options
• PRO: Medium Bearish via Call writing (26,972 net calls sold)
• Client: Strongly Bullish in Futures and both Call & Put Options
• DII: Mild Bullish in Index Futures

Summary: Divergence seen – FII/Pro are Bearish, while Clients & DIIs are Bullish.

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📈 Price Action (1H Chart)

• Current price: 24,757
• Price is respecting the PDL (24,700) support
• Still within a lower-high structure but forming higher lows

Key Levels:

• Resistance Zones: 24,850 / 24,900 / 25,000–25,100
• Support Zones: 24,700 (PDL), 24,600, 24,450

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🔢 Option Chain Analysis (Expiry: 29 May)

• ATM Strike: 24,750
• Support: Put OI at 24,700 (54.9L) and 24,600 (49.4L)
• Resistance: Call OI at 24,800 (97.7L) and 24,900 (108.5L)
• PCR: Above 1 around ATM — indicates Bullish Bias

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📌 Conclusion

• Bias: ⚠️ Range-bound to Mildly Bullish
• Expected Range: 24,600 – 24,950
• Support: 24,700 / 24,600
• Resistance: 24,850 / 24,950 / 25,000

If 24,700 breaks, expect a dip toward 24,500–24,450.

If price holds above 24,850–24,900, rally toward 25,000–25,100 likely.

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⚠️ Disclaimer: This is an educational analysis. Not investment advice. Trade with proper risk management.