Pre-Market Outlook – 01.07.2026
Nifty Prev. Close: 23865.75
Thank you for reading this post, don't forget to subscribe!June Ends Positive Despite late Weakness – The Nifty ended June in positive territory despite selling pressure in the final few sessions. The broader trend remained constructive, supported by domestic inflows and sector specific buying, while the recent weakness largely reflected profit booking near higher levels.
Muted start is likely for benchmark indices despite mixed signals from global markets. Thereafter, the Nifty may turn range-bound between 23,800 and 24,100, with stock specific action dominating key sectors. A decisive breakout above 24,100 could extend the rally towards 24200, while a breakdown below 23,800 may drag towards 23700 to acquire buying.
Traders may continue adopting Buy-on-Dips and Sell-on-Rise strategies.
From a positional perspective, the broader bullish trend remains intact as long as the Nifty sustains above 23,700, keeping the upside targets of 24,400 and 24,700 firmly in focus.
Sectoral Focus
IT, Bank, Finance, Auto, FMCG, Defence.
Stocks To Watch
Kotak Mahindra Bank, Maruti Suzuki, Railtel Corporation, Cochin Shipyard, Eicher Motors. Rane (Madras), KPIT Technologies.
Maintain strict stoploss discipline on every trade.
Wishing everyone a prosperous day!
