ICICI Bank Future and Option Prediction for Tomorrow 29 May 2026: Key Levels and Strategy

May 28, 2026
Posted by: Neeraj Pandey
Category: News

The ICICI Bank future and option prediction for tomorrow on 29 May 2026 is bearish based on 27 May 2026 data. ICICI Bank (NSE: ICICIBANK) closed at Rs 1272.7 on 27 May 2026, a change of -13.3 (-1.03%) in the session. The stock touched a session high of Rs 1293.4 and a session low of Rs 1266.7. With GIFT Nifty indicating a gap-down of -261 points (-1.09 per cent) for 29 May 2026, the ICICI Bank future and option prediction for tomorrow carries a bearish bias in the near term. Support is at Rs 1266.7 and resistance at Rs 1293.4 for the 29 May 2026 session.

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Table of Contents

ICICI Bank Share Price Recap on 27 May 2026

CMP (27 May Close): Rs 1272.7

Session Open: Rs 1286 | High: Rs 1293.4 | Low: Rs 1266.7

52-Week High: Rs 1590 | 52-Week Low: Rs 1018

ICICI Bank declined 1.0 per cent on 27 May as Bank Nifty fell for the second consecutive session amid FII selling and global weakness.

ICICI Bank Futures Prediction for Tomorrow 29 May 2026

Futures Trend: Bearish

Futures Price (Approx): Rs 1273

Support 1: Rs 1266.7 | Support 2: Rs 1252

Resistance 1: Rs 1293.4 | Resistance 2: Rs 1315

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the ICICI Bank future and option prediction for tomorrow places Rs 1266.7 as the critical immediate support. A hold above Rs 1266.7 in early trade on 29 May 2026 would signal bearish continuation toward Rs 1293.4. Jaiswal flags that the gap-down indicated by GIFT Nifty at -261 points may pressure Private Sector Banking stocks at the open, making the first 30-minute candle decisive for the ICICI Bank futures direction.

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ICICI Bank Options Analysis for 29 May 2026

Put Call Ratio (PCR): 0.82 | Max Call OI: Rs 1300 strike | Max Put OI: Rs 1260 strike

Kunal Singla, Associate Director at Univest, observes that the ICICI Bank options chain for the near-month expiry shows maximum call open interest at the Rs 1300 strike and maximum put open interest at Rs 1260. The PCR of 0.82 reflects cautious positioning with put writing lagging call buildup. On a gap-down open driven by GIFT Nifty weakness, Singla suggests watching the Rs 1260 put OI level as a potential support floor for intraday positioning in ICICI Bank options on 29 May 2026.

Key Events and Triggers for ICICI Bank on 29 May 2026

GIFT Nifty Gap-Down (-261 pts): A 1.09 per cent lower opening affects all Private Sector Banking stocks and sets the early session tone for ICICI Bank.
Retail credit growth update: This factor directly influences ICICI Bank intraday direction on 29 May 2026.
Asset quality metrics for Q1: Watch for updates that could drive ICICI Bank futures above or below key levels.
BSE Sensex Weekly Expiry (29 May 2026): Expiry day volatility may amplify moves in ICICI Bank options, particularly near the max OI strikes at Rs 1300 and Rs 1260.

Trading Strategy for ICICI Bank Futures and Options on 29 May 2026

1. Do Not Chase the Gap-Down Open: Wait for ICICI Bank futures to stabilise above Rs 1266.7 before initiating any long position in the 29 May 2026 session.

2. Bull Setup: If ICICI Bank holds above Rs 1266.7 for the first 15 minutes and reclaims Rs 1293.4, the ICICI Bank future and option prediction for tomorrow turns positive toward Rs 1315.

3. Bear Setup: A sustained break below Rs 1252 confirms renewed selling pressure toward the next support. Avoid catching falling knives.

4. Options Strategy: With PCR at 0.82 and BSE Sensex weekly expiry on 29 May 2026, consider defined-risk spreads rather than naked options in ICICI Bank for the session.

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Conclusion

The ICICI Bank future and option prediction for tomorrow on 29 May 2026 is bearish, with key support at Rs 1266.7 and resistance at Rs 1293.4. ICICI Bank closed at Rs 1272.7 on 27 May 2026 (-1.03%), with a 52-week range of Rs 1018 to Rs 1590. GIFT Nifty indicating a -261 point gap-down on 29 May 2026 adds caution for the Private Sector Banking sector. Ankit Jaiswal of Univest flags Rs 1266.7 as the session support while Kunal Singla of Univest highlights Rs 1300 call OI as the resistance ceiling. These levels are for educational analysis and not investment advice. All ICICI Bank future and option prediction for tomorrow levels should be verified against live market data on 29 May 2026.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Frequently Asked Questions

What is the ICICI Bank future and option prediction for tomorrow 29 May 2026?

Ans. The ICICI Bank future and option prediction for tomorrow is bearish. CMP is Rs 1272.7 on 27 May 2026. Support is at Rs 1266.7 and resistance at Rs 1293.4. GIFT Nifty indicates a -261 point gap-down for 29 May 2026. PCR for ICICI Bank options is 0.82 with max call OI at Rs 1300.

What is the support level for ICICI Bank futures on 29 May 2026?

Ans. The support levels for ICICI Bank futures on 29 May 2026 are Rs 1266.7 as immediate support and Rs 1252 as secondary support. Ankit Jaiswal of Univest flags Rs 1266.7 as the make-or-break level for the session.

What is the resistance level for ICICI Bank on 29 May 2026?

Ans. The resistance for ICICI Bank on 29 May 2026 is Rs 1293.4 as immediate resistance and Rs 1315 as next resistance. Maximum call OI is at Rs 1300, which acts as an additional resistance reference for options traders.

What is the PCR for ICICI Bank options ahead of 29 May 2026?

Ans. The Put Call Ratio for ICICI Bank options is 0.82. Maximum call open interest is at Rs 1300 and maximum put open interest is at Rs 1260. Kunal Singla of Univest observes this PCR as a cautious signal for 29 May 2026.

What are the key triggers for ICICI Bank on 29 May 2026?

Ans. Key triggers for ICICI Bank on 29 May 2026 include: GIFT Nifty gap-down of -261 points, retail credit growth update, asset quality metrics for q1, and BSE Sensex weekly expiry volatility. These factors will determine ICICI Bank futures direction in the 29 May 2026 session.

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Author: Neeraj Pandey

Neeraj Pandey is a Financial Content Writer at Univest, covering Indian equity markets with a specialisation in quarterly earnings previews and analyst consensus analysis. His published work tracks Q4 FY26 results across 10+ sectors — from IT heavyweights like Infosys and TCS to PSUs like Coal India and Balmer Lawrie, and mid-caps like Neuland Laboratories, MCX, and Whirlpool of India. His writing approach is data-first: every article anchors on NSE/BSE filings, analyst consensus estimates (revenue, PAT, EBITDA margins), 52-week price context, and YoY/QoQ comparisons — giving retail investors the same structured framework institutional desks use before an earnings event. He combines SEO-optimised structure with rigorous data sourcing, ensuring each preview ranks for investor search intent while meeting SEBI editorial standards. All articles are reviewed by Univest's in-house equity research team, led by Ankit Jaiswal, Senior Equity Research Analyst, to meet SEBI editorial standards.