Pre-Market Outlook – 24.09.2026
Nifty Prev. Close: 23446.80
Thank you for reading this post, don't forget to subscribe!Momentum Reclaimed, Conviction Restored With Caution – Nifty has shown signs of regaining momentum after recent retracement, with buying interest improving at lower levels.
Amidst weak trends in global equities, the opening is anticipated for the indian benchmark indices on a negative note. The rest of the day’s movement is likely to be shaped by how Nifty holds 23200 as a renewed support zone. Sustaining this level could create room for an upward move towards 23500, as an immediate resistance.
Traders may exercise caution near 23400 to 23500 levels and maintain a Sell-on-Rise approach, while declines towards 23200/23100 may attract buying interest for a Buy-on-Dip strategy.
From a positional perspective, the bearish undertone is likely to remain intact as long as Nifty trades below the 23700 Behavioural Shift Zone. Rallies towards this zone may continue to attract selling pressure and prolong the corrective phase.
A sustained breakout above 23,700 could signal a shift in market behaviour. Until Nifty decisively reclaims this zone, volatility may persist within the broader 23000 to 23700 range. A decisive break beyond this range could subsequently open the way towards 22700 on the downside or 24000 on the upside.
Sectoral Focus
Metal, FMCG, Realty, IT, Pharma, Telecom.
Stocks To Watch
Bajaj Finance, Hindalco, Bharat Dynamics, Ola Electric Mobility, PB Fintech, Bandhan Bank, Inox Wind, United Spirits, Concord Biotech.
Deploy a rigorous stoploss strategy on all trades.
Wishing everyone a great day!
