Pre-Market Outlook – 08.01.2026
Support holds, conviction missing – The Nifty is holding its key support, limiting downside risk, but lacks buying conviction. Price action remains range-bound with cautious, stock specific activity. A decisive move above resistance is needed to revive momentum, while a break below support may reintroduce volatility.
Thank you for reading this post, don't forget to subscribe!Benchmark indices may begin on a sluggish note, tracking narrow range trends in overseas markets. Volatility may emerge on a breakout above 26,200 toward 26,300, or on a breakdown below 26,050 toward 25,950.
Holding above 25,700 keeps the broader trend positive. A breakout beyond 26,700 could signal a key behavioural shift, while a close below 25,700 may invite sharper correction.
Sectoral focus: IT, Pharma, Auto, Oil & Gas, Energy, and Realty.
Stocks to watch: Tata Steel, Infosys, Angel One, Titan Company, Cipla, HUDCO, and Gland Pharma.
Strict stoploss discipline is essential amid heightened volatility.
Wishing everyone a joyful day!