Pre-Market Outlook – 03.06.2026
Nifty Prev. Close: 23483.55
Thank you for reading this post, don't forget to subscribe!The Bounce is Here, but the Test Remains – After four sessions of decline, Nifty rebounded strongly, reflecting renewed buying interest led by IT stocks and selective sectoral strength.
However, the index remains below key resistance levels. A move above 23,700 could improve sentiment, while 23,300 remains critical support. Stock specific opportunities may continue, though global cues and institutional flows are likely to dictate the broader market trend.
A stable opening is expected for Nifty amidst optimism across Asian region markets. The index may turn volatile within the 23,300 to 23,600 range. A breakout above 23,600 could push it towards 23,700, while a breach below 23,300 may trigger fresh selling towards 23,200.
Positional traders may adopt a Buy-on-Dips and Sell-on-Rise approach within the range. However, the broader structure remains weak as long as Nifty trades below the key behavioural resistance of 23,700.
Sectoral Focus
IT, Consumer Goods, Energy, Metal, Pharma.
Stocks To Watch
Infosys, TCS, Canara Bank, Adani Ports and Special Economic Zone, Concord Biotech, Vedanta, BSE.
Maintain concrete stoploss strategy across positions.
Wishing everyone a productive day!
