Pre-Market Outlook – 12.05.2026
Global Tensions Shake Bulls – The Nifty witnessed a sharply negative session, yesterday, tracking weak global cues and mounting concerns over rising crude oil prices amid escalating geopolitical tensions in West Asia. The index opened on a weak note and remained under sustained selling pressure throughout the day, eventually closing near the day’s low.
Thank you for reading this post, don't forget to subscribe!With an extension of the ongoing trend, another Gap- Down start is likely on cards for the benchmark indices despite a neutral signal from global markets. The Nifty is likely to trade within the 23,700 to 23,900 range, where 23,700 may act as a key demand zone and 23,900 as an immediate resistance. A decisive break on either side could trigger a move towards 23,600 or 24,000, respectively.
Traders may continue deploying a Buy-on-Dips strategy.
As the April 22 High & Low continue to remain a behaviourally significant zone, the market is yet to confirm a positive positional reversal. A sustained close above the April 22 range is required to signal the resumption of a broader bullish trend.
Sectoral Focus
Oil&Gas, Energy, Banks, Finance, Realty, Pharma.
Stocks To Watch
Canara Bank, Indian Hotels, Bharat Forge, Syrma SGS Technology, Anantraj Industries, JSW Energy.
Quarterly Earnings
Tata Power, Torrent Power, Dr Reddy’s Laboratories, Dixon Technologies, Berger Paints, Max Financial Services, KPR Mills, Pfizer, Mtar Technologies, Vinati Organics.
Traders are advised to follow a firm stoploss discipline across all trades.
Wishing everyone a fortune day!
