Pre-Market Outlook – 04.06.2026
Nifty Prev. Close: 23405.60
Thank you for reading this post, don't forget to subscribe!The Bounce is Here, but the Test Remains – Buying interest is returning to Nifty, supporting the recent rebound. However, the recovery remains tactical as long as the index trades below the key 23,700 resistance zone.
While sentiment is improving and dips are attracting buyers, a decisive breakout is needed to confirm a trend reversal. Until then, conviction may be building, but the broader structure remains unfavourable.
Marginally lower opening is expected for benchmark indices amid weakness in major global equities. Nifty may remain volatile within 23,150 to 23,450, with stock specific actions dominating. A break on either side could drive the index towards 23,000 or 23,600, respectively.
From a positional perspective, the trend remains weak as long as Nifty stays below the key resistance of 23,700 and remains confined below recent range highs.
Sectoral Focus
Bank, IT, Consumer Goods, Defence, Finance.
Stocks To Watch
BHEL, Hero Motocorp, Aurobindo Pharma, LTM, TCS, Apollo Hospitals, Agarwal Industries, Mankind Pharma.
Follow firm stoploss discipline on all trades.
Wishing everyone a favourable day!
