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Tata Steel Future and Option Prediction for Tomorrow 1 June 2026: Key Levels and Strategy

31 May 20261:19 pm

Tata Steel Future and Option Prediction for Tomorrow 1 June 2026: Key Levels and Strategy

The tata steel future and option prediction for tomorrow on 1 June 2026 is bearish, based on Tata Steel closing at Rs 208 on 29 May 2026 (-3.15%). GIFT Nifty at 23,860.0 (+201.5 pts, +0.85%) signals a positive gap-up for Indian markets on 1 June. Nifty 50 closed at 23,649.95 on 29 May 2026, supported by a 3.2 per cent Nifty IT rally. FII net selling of Rs 21,105.86 crore on 29 May 2026 and below-normal monsoon concerns are the key risk factors for the tata steel future and option prediction for tomorrow.

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Tata Steel Share Price Recap on 29 May 2026

CMP (29 May 2026 Close): Rs 208 (-3.15%)

Sector: Metals | 52W High: Rs 268 | 52W Low: Rs 148 | Lot Size: 4,750

Tata Steel slipped 3.15 per cent on 29 May as below-normal monsoon forecasts dampened steel demand assumptions for the construction and infrastructure sectors. FII selling of Rs 21,105 crore also weighed on metal heavyweights.

Tata Steel Futures Prediction for Tomorrow 1 June 2026

Futures Trend: Bearish

Futures Price (Approx): Rs 208

Support 1: Rs 204 | Support 2: Rs 198

Resistance 1: Rs 215 | Resistance 2: Rs 222

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Tata Steel future and option prediction for tomorrow places Rs 204 as the critical immediate support for the 1 June session. With GIFT Nifty indicating a gap-up open of 201.5 points, the early session direction will be pivotal. Jaiswal flags Rs 215 as the first resistance level. A gap-up open above Rs 204 that sustains in the first 15-minute candle confirms the bearish continuation for Tata Steel futures on 1 June 2026.

Tata Steel Options Analysis for 1 June 2026

PCR: 0.82 | Max Call OI: Rs 210 strike | Max Put OI: Rs 200 strike

Kunal Singla, Associate Director at Univest, observes that the Tata Steel options chain shows maximum call OI at Rs 210 and maximum put OI at Rs 200. The PCR of 0.82 reflects cautious positioning with call OI exceeding put OI. On the gap-up open driven by GIFT Nifty at +201.5 points, Singla suggests watching Rs 200 as the intraday support floor for options-based positioning in Tata Steel on 1 June.

Key Triggers for Tata Steel on 1 June 2026

  • GIFT Nifty Gap-Up (+201.5 pts): The positive pre-market signal sets a constructive base for Tata Steel futures on 1 June.
  • IMD monsoon progress update: Primary sector-specific catalyst for Tata Steel direction on 1 June 2026.
  • China steel demand data: Secondary trigger to watch in the first half of the session.
  • FII Flow Reversal: FII selling of Rs 21,105.86 crore on 29 May 2026 resets on 1 June as a new month begins. Positive FII flow would accelerate bearish momentum in Tata Steel.

Trading Strategy for Tata Steel Futures and Options on 1 June 2026

1. Gap-Up Confirmation: Wait for the first 15-minute candle above Rs 204 before entering Tata Steel futures. Do not chase the gap-up open.

2. Bull Setup: If Tata Steel holds above Rs 204 and breaks Rs 215 on volume, the futures target is Rs 222 for the session.

3. Bear Setup: A break below Rs 198 on sustained selling confirms a bearish reversal. Exit longs and avoid buying on the dip below this level.

4. Options Strategy: With PCR at 0.82, consider defined-risk spreads for the 1 June session. Naked options carry elevated risk on a gap-up expiry week open.

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Conclusion

The Tata Steel future and option prediction for tomorrow 1 June 2026 is bearish, with key support at Rs 204 and resistance at Rs 215. Tata Steel closed at Rs 208 on 29 May 2026 (-3.15%). GIFT Nifty at +201.5 points provides a positive gap-up backdrop. Ankit Jaiswal of Univest places Rs 204 as the session support and Kunal Singla of Univest flags Rs 210 call OI as the resistance ceiling. All Tata Steel future and option prediction for tomorrow levels are educational analysis only. Consult a SEBI-registered advisor before trading.

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 Tata Steel future and option prediction for tomorrow 1 June 2026?

Ans. The Tata Steel future and option prediction for tomorrow is bearish. CMP is Rs 208 (-3.15% on 29 May 2026). Support is at Rs 204 and resistance at Rs 215. GIFT Nifty at +201.5 points signals a positive gap-up open. PCR for Tata Steel options is 0.82 with max call OI at Rs 210.

What is the support level for Tata Steel futures on 1 June 2026?

Ans. Support levels for Tata Steel futures on 1 June 2026 are Rs 204 (immediate) and Rs 198 (secondary). Ankit Jaiswal of Univest identifies Rs 204 as the make-or-break level for the Tata Steel future and option prediction for tomorrow.

What is the resistance level for Tata Steel on 1 June 2026?

Ans. Resistance for Tata Steel on 1 June 2026 is Rs 215 (immediate) and Rs 222 (next resistance). Maximum call OI at Rs 210 acts as the upper boundary for the Tata Steel future and option prediction for tomorrow.

What is the PCR for Tata Steel options on 1 June 2026?

Ans. The PCR for Tata Steel options is 0.82. Max call OI is at Rs 210 and max put OI at Rs 200. Kunal Singla of Univest observes this PCR as a cautious signal for the Tata Steel future and option prediction for tomorrow.

What are the key triggers for Tata Steel on 1 June 2026?

Ans. Key triggers for Tata Steel on 1 June 2026 include: GIFT Nifty gap-up of +201.5 points, imd monsoon progress update, china steel demand data, and potential FII flow reversal at the start of June. These determine the Tata Steel future and option prediction for tomorrow direction.

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Note: This blog is for information purpose only. Investments and trading are subject to market risks, read all scheme related documents carefully.

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