India’s Nifty 50 index was quoted about 0.1% lower in pre-open trade, signalling a subdued start after three days of declines and recent record highs. Mixed global cues, weak Asian markets and ongoing profit-booking in large private banks are likely to cap upside, with 26,000 seen as immediate support.
Pre-open signals and broader setup
The GIFT Nifty indicated a muted to mildly negative open, which translated into the Nifty 50 slipping around 0.1% in the pre-open session. Market commentators point to consolidation after a strong prior run, with traders preferring a “buy on dips, sell on rallies” approach near the 26,300 resistance zone.
Key highlights
Nifty 50 quoted down roughly 0.1% in pre‑open, tracking soft GIFT Nifty futures and mixed overnight global markets.
Index recently closed near 26,032 after three straight losing sessions, though still not far from all‑time highs.
Technical analysts flag 25,900–26,000 as key support; resistance remains around 26,300, where repeated intraday selling is emerging.
Pressure persists in banking and financials, while select PSU, defence and mid‑cap names may see stock‑specific action.
Volatility could rise ahead of upcoming domestic macro data and global central bank commentary, but the primary uptrend stays intact on higher‑timeframe charts.
Sources: NSE pre‑open data; NDTV Profit market blog; Moneycontrol “Trade Setup” column; Economic Times market pre‑open commentary.