Pre-Market Outlook – 17.04.2026
Retracement fades, support holds firm – Despite an engulfing move, the Nifty holds immediate support favouring a Buy-on-Dips approach and signalling underlying strength within a constructive trend.
Thank you for reading this post, don't forget to subscribe!A calm start is expected for Nifty amid mixed trends in global markets. The index is likely to consolidate within the 24,100 to 24,300 range during the day. A breakout above 24,300 may push it towards 24,400, while a breach below 24,100 could drag it down to the 24,000 level.
On a positional basis, as long as the index sustains above 23,700, the possibility of an upward move toward 24,700 remains intact.
Sectoral Focus
Metal, IT, Energy, Pharma, Realty, Bank.
Stocks To Watch
Wipro, HDFC Life Insurance, HDFC Asset Management Company, Axis Bank, Angel One, Waaree Renewable Technologies, VST Industries.
Quarterly Earnings
Jio Financial Services, Bajaj Consumer Care, Mastek, Hathway Cable, AB Money.
Traders are advised to maintain strict stoploss discipline across all trades.
Wishing everyone a fruitful day!
