Pre Market Report 07-Jul-2026

The Nifty market has experienced a rare five-session rally of nearly 600+ points, driven by positive technical indicators, favorable macroeconomic factors (crashing crude oil and gold prices, rupee appreciation, RBI measures), and institutional buying. The market is currently bullish with key resistance at 24,300 (50% February retracement), followed by targets at 24,600 (swing high), 24,800 (62.8% Fibonacci), and ultimately 26,000 by December 2026. The 23,800 level serves as strong support after 15 days of trading between 23,800-24,300. Option traders should focus on buy-and-dip strategies rather than shorting, with the golden period for option trading returning as the market moves gradually without violent intraday moves.