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

The UPL future and option prediction for tomorrow on 29 May 2026 is bearish based on 27 May 2026 data. UPL (NSE: UPL) closed at Rs 656.15 on 27 May 2026, a change of -1.75 (-0.27%) in the session. The stock touched a session high of Rs 659.7 and a session low of Rs 653.75. With GIFT Nifty indicating a gap-down of -261 points (-1.09 per cent) for 29 May 2026, the UPL future and option prediction for tomorrow carries a bearish bias in the near term. Support is at Rs 653.75 and resistance at Rs 659.7 for the 29 May 2026 session.

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UPL Share Price Recap on 27 May 2026

CMP (27 May Close): Rs 656.15

Session Open: Rs 657.9 | High: Rs 659.7 | Low: Rs 653.75

52-Week High: Rs 825 | 52-Week Low: Rs 525

UPL was marginally lower on 27 May. The agrochemical major continues its debt reduction programme and global channel inventory normalisation.

UPL Futures Prediction for Tomorrow 29 May 2026

Futures Trend: Bearish

Futures Price (Approx): Rs 656

Support 1: Rs 653.75 | Support 2: Rs 642

Resistance 1: Rs 659.7 | Resistance 2: Rs 675

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the UPL future and option prediction for tomorrow places Rs 653.75 as the critical immediate support. A hold above Rs 653.75 in early trade on 29 May 2026 would signal bearish continuation toward Rs 659.7. Jaiswal flags that the gap-down indicated by GIFT Nifty at -261 points may pressure Agrochemicals stocks at the open, making the first 30-minute candle decisive for the UPL futures direction.

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UPL Options Analysis for 29 May 2026

Put Call Ratio (PCR): 0.83 | Max Call OI: Rs 665 strike | Max Put OI: Rs 645 strike

Kunal Singla, Associate Director at Univest, observes that the UPL options chain for the near-month expiry shows maximum call open interest at the Rs 665 strike and maximum put open interest at Rs 645. The PCR of 0.83 reflects cautious positioning with put writing lagging call buildup. On a gap-down open driven by GIFT Nifty weakness, Singla suggests watching the Rs 645 put OI level as a potential support floor for intraday positioning in UPL options on 29 May 2026.

Key Events and Triggers for UPL on 29 May 2026

• GIFT Nifty Gap-Down (-261 pts): A 1.09 per cent lower opening affects all Agrochemicals stocks and sets the early session tone for UPL.
• Global agrochemical channel inventory: This factor directly influences UPL intraday direction on 29 May 2026.
• Brazil and India rabi season demand: Watch for updates that could drive UPL futures above or below key levels.
• BSE Sensex Weekly Expiry (29 May 2026): Expiry day volatility may amplify moves in UPL options, particularly near the max OI strikes at Rs 665 and Rs 645.

Trading Strategy for UPL Futures and Options on 29 May 2026

1. Do Not Chase the Gap-Down Open: Wait for UPL futures to stabilise above Rs 653.75 before initiating any long position in the 29 May 2026 session.

2. Bull Setup: If UPL holds above Rs 653.75 for the first 15 minutes and reclaims Rs 659.7, the UPL future and option prediction for tomorrow turns positive toward Rs 675.

3. Bear Setup: A sustained break below Rs 642 confirms renewed selling pressure toward the next support. Avoid catching falling knives.

4. Options Strategy: With PCR at 0.83 and BSE Sensex weekly expiry on 29 May 2026, consider defined-risk spreads rather than naked options in UPL for the session.

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Conclusion

The UPL future and option prediction for tomorrow on 29 May 2026 is bearish, with key support at Rs 653.75 and resistance at Rs 659.7. UPL closed at Rs 656.15 on 27 May 2026 (-0.27%), with a 52-week range of Rs 525 to Rs 825. GIFT Nifty indicating a -261 point gap-down on 29 May 2026 adds caution for the Agrochemicals sector. Ankit Jaiswal of Univest flags Rs 653.75 as the session support while Kunal Singla of Univest highlights Rs 665 call OI as the resistance ceiling. These levels are for educational analysis and not investment advice. All UPL 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 UPL future and option prediction for tomorrow 29 May 2026?

Ans. The UPL future and option prediction for tomorrow is bearish. CMP is Rs 656.15 on 27 May 2026. Support is at Rs 653.75 and resistance at Rs 659.7. GIFT Nifty indicates a -261 point gap-down for 29 May 2026. PCR for UPL options is 0.83 with max call OI at Rs 665.

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

Ans. The support levels for UPL futures on 29 May 2026 are Rs 653.75 as immediate support and Rs 642 as secondary support. Ankit Jaiswal of Univest flags Rs 653.75 as the make-or-break level for the session.

What is the resistance level for UPL on 29 May 2026?

Ans. The resistance for UPL on 29 May 2026 is Rs 659.7 as immediate resistance and Rs 675 as next resistance. Maximum call OI is at Rs 665, which acts as an additional resistance reference for options traders.

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

Ans. The Put Call Ratio for UPL options is 0.83. Maximum call open interest is at Rs 665 and maximum put open interest is at Rs 645. Kunal Singla of Univest observes this PCR as a cautious signal for 29 May 2026.

What are the key triggers for UPL on 29 May 2026?

Ans. Key triggers for UPL on 29 May 2026 include: GIFT Nifty gap-down of -261 points, global agrochemical channel inventory, brazil and india rabi season demand, and BSE Sensex weekly expiry volatility. These factors will determine UPL futures direction in the 29 May 2026 session.