Pre-Market Outlook – 12.03.2026
Losing Grip, Downside Risk Builds – The Nifty is losing strength as it additionally closes below the 10th March low after a sustained trades below the 24700 as our core behaviour shift zone. The weakening trend suggests increasing downside pressure, with rebounds likely to face selling unless the index decisively breaks above major resistances like 24303 and 24700.
Thank you for reading this post, don't forget to subscribe!Another Gap-Down opening is on cards for our benchmark indices, tracking weak cues from global markets. The day may remain volatile within the 23700 to 24000 range, with meaningful bounces near 23900 and 24080 are likely to attract selling pressure. A break below 23700 could open the door for a move towards 23500.
The Nifty sustaining below 24079 (10th March low) signals rising selling pressure, with positional downside targets placed around 23300 and 22800. Any short term rebound may continue to be treated as a selling opportunity unless 24700 is decisively reclaimed.
Sectoral Focus
Bank, Metal, Energy, Finance, Pharma, Capital Goods.
Stocks To Watch
Wipro, KEC International, Bharat Forge, Vascon Engineering, lumax Auto Tech, Colgate-Palmolive.
Implement rigorous stoploss on all trades.
Wishing everyone a opportunistic day!
