Can Nifty reclaim 25,000 today? Key levels to track on May 30- Grow Mudra

Can Nifty reclaim 25,000 today? Key levels to track on May 30

30 May , 2025 By : Debdeep Gupta

Benchmark indices are set for a decent start on May 30, with GIFT Nifty hinting at early gains. The 50-share index was trading around 24,940, up 0.44 percent, raising hopes that Nifty might reclaim the 25,000 mark in today’s session.

In the previous session, the frontline indices rebounded from intraday lows to close higher in a choppy trading driven by volatility linked to the monthly F&O expiry. India VIX, a key volatility gauge, dropped sharply by 8 percent, signalling a temporary cool-off in market nervousness.

Foreign Institutional Investors (FIIs) net bought equities worth Rs 884 crore while Domestic Institutional Investors (DIIs) purchased Rs 4,286 crore. For the year so far, FIIs have been net sellers of shares worth Rs 1,14,964 crore, while DIIs have net bought Rs 2,66,169 crore worth of shares.

Here are the key levels to watch out for in today's session.

The Index will likely maintain a positive bias and head towards the 25,200-25,300 levels in the coming sessions. Immediate bias remains positive above the immediate support area of 24,700-24,650. The index continues to consolidate in the range of 25,200-24,400 in the last 12 sessions. "We believe the index will extend the consolidation. On the lower side, 24,700-24,650 is likely to act as immediate support while short-term support is seen at 24,400–24,500, being the confluence of 20 days EMA, previous breakout area and last 2 weeks lows, Bajaj Broking said.

"As long as Nifty Bank clings tight above the 55,000 floor — where intraday support and put writers are hustling — the downside can’t press in fully. But let’s be blunt: for nearly a month, neither side has backed down. That hints at a non-directional muddle still gripping the index. Any small bounce risks becoming yet another bull trap, triggering fresh selling waves and keeping the bias in a neutral-to-bearish rut. The big support sits at 55,000, a clean break below could rip the floor out, sparking sharper selling. Flip that, and a sharp surge above 55,700 might spook the bears," says Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities.

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.86 on May 29, from 0.76 in the previous session. The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

The India VIX, which measures expected market volatility, fell sharply by 8.87 percent to 16.42 levels, offering comfort to the bulls. The index fell below all key moving averages.