ITC Future and Option Prediction for Tomorrow 29 May 2026: Key Levels and Strategy
- May 28, 2026
- Posted by: Kunal Singla
- Category: News
The ITC future and option prediction for tomorrow on 29 May 2026 is bearish based on 27 May 2026 data. ITC (NSE: ITC) closed at Rs 291.95 on 27 May 2026, a change of -3.7 (-1.25%) in the session. The stock touched a session high of Rs 296.35 and a session low of Rs 291.05. With GIFT Nifty indicating a gap-down of -261 points (-1.09 per cent) for 29 May 2026, the ITC future and option prediction for tomorrow carries a bearish bias in the near term. Support is at Rs 291 and resistance at Rs 296.4 for the 29 May 2026 session.
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ITC Share Price Recap on 27 May 2026
CMP (27 May Close): Rs 291.95
Session Open: Rs 295.65 | High: Rs 296.35 | Low: Rs 291.05
52-Week High: Rs 365 | 52-Week Low: Rs 234
ITC fell 1.3 per cent on 27 May as consumer staple stocks saw mild profit taking after recent outperformance. Cigarette volume growth for Q1 FY27 remains the key watch.
ITC Futures Prediction for Tomorrow 29 May 2026
Futures Trend: Bearish
Futures Price (Approx): Rs 292
Support 1: Rs 291 | Support 2: Rs 284
Resistance 1: Rs 296.4 | Resistance 2: Rs 305
Ankit Jaiswal, Senior Research Analyst at Univest, notes that the ITC future and option prediction for tomorrow places Rs 291 as the critical immediate support. A hold above Rs 291 in early trade on 29 May 2026 would signal bearish continuation toward Rs 296.4. Jaiswal flags that the gap-down indicated by GIFT Nifty at -261 points may pressure FMCG and Cigarettes stocks at the open, making the first 30-minute candle decisive for the ITC futures direction.
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ITC Options Analysis for 29 May 2026
Put Call Ratio (PCR): 0.88 | Max Call OI: Rs 295 strike | Max Put OI: Rs 290 strike
Kunal Singla, Associate Director at Univest, observes that the ITC options chain for the near-month expiry shows maximum call open interest at the Rs 295 strike and maximum put open interest at Rs 290. The PCR of 0.88 reflects cautious positioning with put writing lagging call buildup. On a gap-down open driven by GIFT Nifty weakness, Singla suggests watching the Rs 290 put OI level as a potential support floor for intraday positioning in ITC options on 29 May 2026.
Key Events and Triggers for ITC on 29 May 2026
- GIFT Nifty Gap-Down (-261 pts): A 1.09 per cent lower opening affects all FMCG and Cigarettes stocks and sets the early session tone for ITC.
- Cigarette volume growth for Q1: This factor directly influences ITC intraday direction on 29 May 2026.
- Hotels division RevPAR data: Watch for updates that could drive ITC futures above or below key levels.
- BSE Sensex Weekly Expiry (29 May 2026): Expiry day volatility may amplify moves in ITC options, particularly near the max OI strikes at Rs 295 and Rs 290.
Trading Strategy for ITC Futures and Options on 29 May 2026
1. Do Not Chase the Gap-Down Open: Wait for ITC futures to stabilise above Rs 291 before initiating any long position in the 29 May 2026 session.
2. Bull Setup: If ITC holds above Rs 291 for the first 15 minutes and reclaims Rs 296.4, the ITC future and option prediction for tomorrow turns positive toward Rs 305.
3. Bear Setup: A sustained break below Rs 284 confirms renewed selling pressure toward the next support. Avoid catching falling knives.
4. Options Strategy: With PCR at 0.88 and BSE Sensex weekly expiry on 29 May 2026, consider defined-risk spreads rather than naked options in ITC for the session.
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Conclusion
The ITC future and option prediction for tomorrow on 29 May 2026 is bearish, with key support at Rs 291 and resistance at Rs 296.4. ITC closed at Rs 291.95 on 27 May 2026 (-1.25%), with a 52-week range of Rs 234 to Rs 365. GIFT Nifty indicating a -261 point gap-down on 29 May 2026 adds caution for the FMCG and Cigarettes sector. Ankit Jaiswal of Univest flags Rs 291 as the session support while Kunal Singla of Univest highlights Rs 295 call OI as the resistance ceiling. These levels are for educational analysis and not investment advice. All ITC 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 ITC future and option prediction for tomorrow 29 May 2026?
Ans. The ITC future and option prediction for tomorrow is bearish. CMP is Rs 291.95 on 27 May 2026. Support is at Rs 291 and resistance at Rs 296.4. GIFT Nifty indicates a -261 point gap-down for 29 May 2026. PCR for ITC options is 0.88 with max call OI at Rs 295.
What is the support level for ITC futures on 29 May 2026?
Ans. The support levels for ITC futures on 29 May 2026 are Rs 291 as immediate support and Rs 284 as secondary support. Ankit Jaiswal of Univest flags Rs 291 as the make-or-break level for the session.
What is the resistance level for ITC on 29 May 2026?
Ans. The resistance for ITC on 29 May 2026 is Rs 296.4 as immediate resistance and Rs 305 as next resistance. Maximum call OI is at Rs 295, which acts as an additional resistance reference for options traders.
What is the PCR for ITC options ahead of 29 May 2026?
Ans. The Put Call Ratio for ITC options is 0.88. Maximum call open interest is at Rs 295 and maximum put open interest is at Rs 290. Kunal Singla of Univest observes this PCR as a cautious signal for 29 May 2026.
What are the key triggers for ITC on 29 May 2026?
Ans. Key triggers for ITC on 29 May 2026 include: GIFT Nifty gap-down of -261 points, cigarette volume growth for q1, hotels division revpar data, and BSE Sensex weekly expiry volatility. These factors will determine ITC futures direction in the 29 May 2026 session.
