Pre-Market Outlook – 03.08.2026
Nifty Prev. Close: 24383.60
Thank you for reading this post, don't forget to subscribe!The August series is commencing with a cheerful Gap-Up opening in the benchmark indices despite mixed signals from major global markets. As the session unfolds, the trend could become more active with broad-based participation, as the Nifty approaches the crucial behavioural shift zone of 24,700, which may determine the next directional move.
If the Nifty sustains above the recent swing high of 24,367 during the first hour of trading (the high recorded on 17 July), it could pave the way for a decisive move beyond 24,700 and confirm the next leg of the upward rally.
Until the index moves decisively beyond the 24,300 to 24,700 range, traders are advised to remain highly cautious. Reducing positions and adopting a sell-on-Rise strategy would be the preferred approach.
Sectoral Focus
Auto, Oil&Gas, IT, Bank, Finance, Metal.
Stocks To Watch
Maruti Suzuki, Divis Laboratories, ITC, ABB India, National Aluminium, IOC, Glenmark Pharma, Persistent Systems, Muthoot Finance, Dr Reddy’s laboratories, Lupin, CDSL, Sterlite Technologies, Afcons Infra,
Earnings Today
DLF, Escorts Kubota, KEI Industries, GlaxoSmithKlime Pharma, Jindal Stainless, Kansai Nerolac Paints, SBI Fund Management, Computer Age Management, DOMS Industries, Torrent Power, UPL.
Adhere to a solid stoploss discipline across all positions.
Wishing everyone a great day ahead!
