Pre-Market Outlook – 29.04.2026
Struggling at Highs, Momentum Missing – The Nifty continues to face resistance at higher levels, indicating fading momentum and lack of follow through buying. The trend remains range-bound with a weak bias, as selling pressure persists on every rise.
Thank you for reading this post, don't forget to subscribe!Traders may avoid aggressive longs; use pullbacks to trim positions.
A muted start is expected, tracking neutral cues from major global indices. The trend may remain volatile with a phase of needed consolidation, while stock specific movements are likely to dominate, particularly within core sectors.
The Nifty is expected to initially hover in the 23,800 to 24,100 range. A decisive break on either side could trigger a move towards 23,700, where the next trend setup may emerge, or 24,200, where selling pressure is likely to surface.
From a positional perspective, as long as Nifty sustains below the April 22 low, selling pressure may persist in the near term. A bullish shift requires a sustained move above 24,500 with consecutive closes.
Sectoral Focus
Energy, Oil&Gas, Metal, Bank, Finance, Auto, IT.
Stocks To Watch
Maruti Suzuki, REC, Bandhan Bank, Dalmia Bharat, Garden Reach Shipbuilders, Ceat, Star Health, Piramal Pharma.
Quarterly Earnings
Bajaj Finance, Vedanta, Indian Bank, Federal Bank, Adani Power, Waaree Energies, Mphasis, Navin Fluorine, Force Motors, IOB, Kfin Technologies, Granules India, HEG.
Stop loss maintenance is a must in all transactions.
Wishing everyone a favourable day!
