Nifty Outlook: Experts Predict Range-Bound Trade Amid Volatility After Decline

Business
M
Moneycontrol•06-01-2026, 20:41
Nifty Outlook: Experts Predict Range-Bound Trade Amid Volatility After Decline
- •Nifty slipped below 26,200 after hitting a lifetime high, closing down 74 points at 26,175 on Tuesday due to profit-booking.
- •The index saw an initial surge to 26,273 but a sharp sell-off in the afternoon pushed it to an intraday low of 26,124.
- •Apollo Hospitals, ICICI Bank, Tata Consumer were top gainers; Trent, Reliance Industries, Kotak Bank were top losers.
- •Experts foresee Nifty trading sideways or range-bound, with crucial support at 26,020-26,100 and resistance near 26,300-26,400.
- •Bank Nifty outperformed, forming a bullish candle; 60,400-60,500 is a major obstruction, with 59,700-59,600 as support.
Why It Matters: Nifty faces range-bound trade with key support/resistance levels; Bank Nifty shows strength.
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