NIFTY & BANK NIFTY Analysis for Tomorrow | Stock Market Outlook | 29 May 2026, Friday

Added: 2026-05-28

[00:00:00]Welcome to Cal Market, our daily program on Nifty and Banky analysis. We are starting a little early today. So give me one second. And we'll just wait till more people come in.

[00:00:34]starting a little early. So let's uh get started now. So see I know there is some random news about Trump pungal doing some random stuff and all some war and all but look every time I've seen some random action happening uh outside in India which is completely disconnected with price action on a holiday very often it is not exactly how this thing pans out. It often turns out to be a nothing burger. Now I'm not saying that for a fact it will be like that but somehow I'm not super convinced about uh you know um to yesterday's action uh right uh so let's get started right uh first of all see at least as of yesterday's close there's nothing that suggest bearish Yet daily was looking strong. Weekly was looking okay. I mean it's a dogey so far and monthly looks like it is on its way to confirm a bullish harami. Even then um even if it does not confirm it's not a very bad close at all because it's close to the top of the harami than the bottom of the harami. Right?

[00:01:56]So um indexes uh flat on Wednesday.

[00:02:06]Uh nothing suggesting big weakness despite Thursday news of uh war, right? Let's let me just put it that way. I mean, yeah, it's easier for me to perhaps probably now say, but maybe it'll open down, right? But I'm not convinced about the remaining part.

[00:02:33]Will it open down? Very probably yes.

[00:02:35]But will it stay down? That's what we have to see. Now, there is one tiny catch though. Um 20 there's no support till 23600 after 23900. But having said that, we only had one day of trading after the last expirs formed below 23,900 strong at 24,000.

[00:03:10]Right? PCR interestingly is uh not bad because if you look at PCR now it's almost one almost one around ATM and around and overall which is neutral to bullish.

[00:03:37]I mean actually let me break it down one around ATM and 0.9 overall right that's not what bearish at participant FI data again it has no meaning to look at the absolute look at the change FI was slightly bearish pro was slightly bearish client was slightly bullish nothing big slight biases FII and pro slightly bearish client bullish right I'm not looking at overall change only looking at Penn day change because the overall thing is just not giving any results now let's look at f futures data 1500 this is solid 1 1600 cr fi added 1 1600 float sell shorts in. My god, it's crazy thunder here.

[00:04:56]Mega mega thunder outside.

[00:05:04]Let's go 18. That's what I think.

[00:05:13]I'll make a new GC master class. That's my plan.

[00:05:19]So, going back now, let's look at stock data.

[00:05:32]1,000 cr cell,43 just for effect before verdict. Look at everybody else.

[00:05:50]S&P is actually up. So h Oh, this is interesting. So I just turned on trading views auto capture signals and we are very very close to something cataclysmic at least as per this thing.

[00:06:10]So it's interesting there's something called auto signals trading view comes in premium but anyway we'll be looking at it every day on this uh wow what is that one range sorry I had to do one day so S&P is going up and there's a wedge formation but we'll see maybe it'll overshoot a little These things don't always work. USD now is going up. Uh is it I mean it's flat.

[00:06:45]Sorry. Midcap, small cap were flat.

[00:06:51]Dollar index is flat. Gold is flat.

[00:06:53]Silver is down.

[00:06:57]Um US 10ear yields. Um sorry, US 10ear bond is I mean sorry bond just ignore that I didn't say anything. This is US 10ear yield. Um, it's at 440 now. 20 year. Oh god, this is very, it's now making everything unreadable. Let me just turn this thing off. Yeah, this is uh 20 year uh TLT and EDV interestingly are up despite all the circus. Um, and DTLA is also flat.

[00:07:28]So, oil is um 89. Wow. So, despite the Kuwait thing, oil is actually at 89, which is very encouraging. Bitcoin is in trouble again. It looks like 72K.

[00:07:44]Um, okay. These are some random stocks I'm tracking. So, please ignore them.

[00:07:50]I'm doing some portfolio experiment.

[00:07:54]There's new news that is run. That's old news. I think here um Alg0 reports a full reopening of former crude at 89. If that confirms we'll gap up obviously. Yes. Gold touches 436.

[00:08:13]Boss, I won't touch gold for a long time. I'm going to forget gold for at least the next 10 years. Uh Krishna, I don't know why my internet is lagging here. I really have no clue. So there's a lot of u uh lightning and thunderstorm in Bangalore. Maybe something is to problematic.

[00:08:50]Lots of people wishing Eid. Yes, very happy Eid to everybody. Um yeah, there's that HDFC's case also but I think market will just brush it aside.

[00:09:08]See like there's a major uh conception or misconception among people that market dislikes fraud because market loves fraud. market looks at it as initiative to make more money. See, let's put it this way, right? Uh, see, look at a lot of startups in India, right? Extremely scammy startups like like a lot of stuff in education sector was outright scammy, right? Scammy to investors, scamming to users, predatory to everybody around like and there were a lot of exploitative stuff which happened in foreign travel space, right?

[00:09:48]very questionable practices by certain startups etc etc um and I know for a fact that um there are some startups which are in the identity and access management space which is making a joke out of the entire um privacy and GDPR rules but VCs line up behind them because VCs look at them as okay these guys will do some scam but eventually they'll get away with IPO right uh and so we'll make money So I don't know for some reason people think if a company does fraud it might be in trouble. See if it does fraud that uh takes investor money or loses money or something then of course investors will hate it dump it etc. But if a company does fraud which is taking initiative to create more capital for its investors, investors absolutely love it. Right? I'm not going to take any names but imagine some of the biggest poster boys of Indian startup ecosystem.

[00:10:45]And I forget everything here. You remember that uh American lady in that pharma. I don't know if I can take names but you know uh I'm sure if the if she starts a company people will fund left right center right uh I I mean just look at any tell me one Indian major conglomerate uh which does not have some shady you know Tushar Lokand is asking wait a minute are you planning any fraud boss if I was planning any fraud I'll not be doing KRM at 8:30 in the night here I'll be you know meeting some you know politically connected people and all in the night and planning how to scam you all tomorrow so uh so so basically what's our verdict see I don't have any strong reason to believe that market will open down tomorrow given that oil is down given that US bonds are holding steady given that gold and silver are steady uh given that Indian 10year yield has But this might spike again. I mean there's nothing.

[00:11:52]Yes, there is a scare. Market went all the way down to how much did it go down to?

[00:11:59]Let me see earlier or 10 minute chart. Today's low was uh 23 550.

[00:12:12]We covered 200 points nicely. Right. I tomorrow I think it'll just open. Maybe if it opens down, please don't rush to short or anything. Just give it enough time. If I were you, what I would do is I'll just look at the um weekly close because this is monthly close is still probably going to confirm harami despite everything that has happened. Even on daily we are in a gap fill territory. This is the bottom of a gap. So if this gap fills probably we'll test the basically we have now filled this gap. So um verdict um depends on tomorrow's open.

[00:12:55]If market um flat or recovers tomorrow then we are in for a big Yeah, sorry. So, like I said, there's a major internet issue happening probably because of the hail stom. Hailtorm storm I mean different parts different things happening here. So, so yeah, uh if market holds strength tomorrow with recovery price action uh bull call spreads for June end with RR greater than one. So that is our analysis for today. We'll see you again tomorrow.