Pre-Market Outlook – 24.08.2026
Nifty Prev. Close: 24252.00
Thank you for reading this post, don't forget to subscribe!The Indian equity indices are likely to open marginally higher, tracking favourable signals from global markets. As the session progresses, the Nifty may witness range-bound volatility between 24,100 and 24,400, with a Sell-on-Rise approach likely to remain favourable.
A decisive breakout above 24,400 could pave the way for the index to move towards 24,500 to 24,600 levels. Conversely, a sustained break below the 24,100 support zone may drag the index towards 24,000, where buying support could emerge.
From a positional perspective, investors may consider gradually accumulating quality stocks during market declines. The prevailing weakness could provide attractive opportunities to build positions ahead of a potential sharp rebound and an emerging trend reversal.
Sectoral Focus
Bank, Finance, Metal, IT, FMCG, Energy.
Stocks To Watch
NTPC Green Energy, Aurobindo Pharma, Meesho, Lenskart Solutions, Natco Pharma, Caplin Point Labs, Craftsman Automation.
Traders are advised to adopt a concrete stoploss strategy across trades.
Wishing everyone a successful day!
