Pre-Market Outlook – 03.07.2026
Nifty Prev. Close: 24175.70
Thank you for reading this post, don't forget to subscribe!Refined Behaviour. Renewed Confidence. – The Nifty continues to display resilient price action despite intermittent volatility. Holding above key support levels reflects sustained buying interest and reinforces the broader bullish trend. While short-term consolidation may continue, it remains a healthy phase that allows the market to absorb recent gains before its next potential upward move.
A Gap-Up opening is expected for the benchmark indices, supported by strong global market cues.
With the Nifty opening above its immediate and swing high of 24,261, the index may extend its upward momentum towards the 24,400 to 24,500 zone. On the downside, 24,260, followed by 24,100, is likely to act as immediate support in case of profit booking.
For today’s session, traders may primarily adopt a Sell-on-Rise strategy at higher levels, while Buy-on-Dips opportunities can be considered near the identified support zones.
From a positional perspective, the broader bullish trend remains intact as long as the Nifty holds above 23,700, keeping the upside target of 24,500 and 24,700 firmly in sight.
Sectoral Focus
IT, Realty, Oil&Gas, Bank, Auto.
Stocks To Watch
Bajaj Finance, Tata Motors Passenger Vehicles, Punjab National Bank, Hindustan Zinc, Union Bank of India, M&M Financial Services, Titagarh Rail Systems.
Adhere to strict stoploss discipline across all trades.
Wishing everyone a fruitful day!
