Pre-Market Outlook – 28.09.2026
Nifty Prev. Close: 23140.50
Thank you for reading this post, don't forget to subscribe!The final, truncated week of September is likely to begin on a flat note despite mixed trends across global equities. As the session progresses, the Nifty may remain volatile within the 23000 to 23300 range for the major part of the day. A decisive move beyond this range could lead the index towards 22800 on the downside or 23500 on the upside.
Sell-on-Rise may continue to remain the prominent trading strategy.
From a positional perspective, the bearish undertone is likely to remain intact as long as the Nifty trades below the 23700 interim behaviour shift zone. Rallies towards this zone may continue to attract selling pressure, potentially prolonging the corrective phase.
A sustained breakout above 23700 would be required for a meaningful shift in market behaviour. Until the Nifty decisively reclaims this zone, volatility may persist within the broader 23000 to 23700 range. A decisive break beyond this broader range could subsequently open the way towards 22700/22500 on the downside or 24000/24300 on the upside.
Sectoral Focus
Bank, IT, Energy, Metal, Pharma, Realty
Stocks To Watch
NMDC, SAIL, Zydus Life Sciences, NTPC Green Energy, Godrej Industries, Kansai Nerolac Paints, Unichem Laboratories.
Ensure a solid stoploss strategy across trades.
Wishing everyone a fabulous day!
