Pre-Market Outlook – 24.06.2026
Nifty Prev. Close: 23824.10
Thank you for reading this post, don't forget to subscribe!Profit booking signals a Change of Character – Nifty witnessed a sharp reversal as broad based selling dismantled the prevailing bullish structure following a steep decline in Korean markets, signalling a shift in near term sentiment.
A flat but a cautious start is expected for the benchmark indices amid weak cues from major global markets. Nifty may remain volatile within the 23,700 and 24,000 range. Strong buying interest is expected to emerge near the interim behaviour shift zone of 23,700, while any bounce towards 24,000 may attract selling pressure, favouring a Sell-on-Rise approach.
Despite the recent structural breakdown, the broader positional outlook remains constructive. Long positions may continue to be favoured as long as Nifty sustains above 23,700 on the daily timeframe, with potential upside targets placed at 24,200 and 24,500.
Sectoral Focus
Metal, IT, Bank, Finance, Energy, Pharma.
Stocks To Watch
Infosys, IRFC, Honasa Consumer, Yes Bank, City Union Bank, Vedanta, Laurus Labs.
Ensure a firm stoploss is in place for every trade.
Wishing everyone a fortune day!
