Pre-Market Outlook – 06.03.2026
Brief Bounce, Fresh Selling – A short-lived recovery in the Nifty 50 was met with fresh selling, highlighting persistent weakness. Unless the index reclaims 24700, rallies may be sold into. Holding below this level may gradually lead to 24500 to 24300, whereas a breakout above 24700 as our primary behaviour shift zone could stabilise the trend.
Thank you for reading this post, don't forget to subscribe!Amidst ongoing uncertainties, it is going to be another day of volatile session with a Gap-Down opening, despite mixed cues in global markets.
The trend is expected to swing between 24500 and 24700, with a Sell-On-Rise approach. If it breaks below the stipulated support point, 24300 may get tested.
Nifty closing below 24700 for the two consecutive sessions could signal more weakness. A close below this level may confirm the next leg of downside towards 23500. Any bounce towards 24700 could invite selling, unless it has a decisive close on daily candle.
Sectoral Focus
Oil&Gas, Energy, Defence, Bank, Finance, IT.
Stocks To Watch
Dr Reddy’s Laboratories, SBI Cards, Amber Enterprises, Tata Elxsi, Garden Reach Shipbuilders, Mazagon Dock Shipbuilders, Balmer Lawrie and Company.
Employ a stoploss discipline across transactions.
Wishing everyone an opportunistic day!
