Pre-Market Outlook – 30.06.2026
Nifty Prev. Close: 23946.25
Thank you for reading this post, don't forget to subscribe!Healthy Retracement, Support Intact – The Nifty is witnessing a healthy retracement following its recent uptrend, reflecting a phase of profit booking rather than a reversal in the prevailing market structure. The index continues to maintain its bullish bias as long as it sustains above the key support level of 23,900.
A marginally positive opening is anticipated for the benchmark indices, despite mixed cues in overseas markets. As the session progresses, the Nifty is expected to trade within the 23,900 to 24,200 range for most of the day. A decisive breakout above 24,200 could propel the index towards 24,400, while a breach below the key support level of 23,900 may trigger further downside, with buying interest likely to emerge around 23,800.
Traders may continue adopting Buy-on-Dips and Sell-on-Rise strategies.
The broader bullish outlook remains intact as long as the Nifty holds above 23,700, paving the way for potential upside towards 24,400 and 24,700.
Sectoral Focus
Auto, Bank, Oil&Gas, Metal, Pharma, Realty.
Stocks To Watch
HDFC Bank, Axis Bank, RITES, Container Corporation, Yes Bank, Afcons Infra, National Aluminuim, Persistent Systems.
Ensure strict stoploss discipline on every trade.
Wishing everyone a cheerful day!
