NIFTY-INIFTY outlook for 29-05-2026
Today, NIFTY futures opened near VAL of previous day and moved down later made a U-turn and crossed above previous day POC. Through out the day it was oscillating within yesterday's range and closed near yesterday's POC, creating PPOC today. It appears to be a balanced day, with PPOC and close above it. We can observe that more of buying being done today, we expect the market to be bullish on the next trading day.Initailly, If it manages to stay above PPOC after the initial dip, we can expext it move higher.
Targets on higher side: T1-24040
T2-24090
on the lower side: T1-23930
T2-23890
T3- 23850
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