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Pradeep Carpenter

12th Aug · SEBI-Registered Analyst

Morning Market Insights | 12th August 2026

Market Bias: Neutral 🎯 Key Levels Nifty 50 The index is expected to remain in consolidation mode with a cautious bias. Support: 23,300–23,350 Resistance: 24,600–24,620 Bank Nifty Bank Nifty may consolidate after yesterday’s sell-off, with stock-specific action likely to remain dominant. Support: 57,000–57,100 Resistance: 57,900–58,000 👀 Sectors to Watch • DEFENCE – Stock-specific momentum and result-driven action • IT – Watch global technology cues • METAL – Momentum remains important after recent sectoral strength 📅 Key Events Today • India CPI Data – 4:00 PM IST • US CPI Data – 6:00 PM IST • Key Results – $HAL , GMR Airports, Astral Strategy: Prefer stock-specific opportunities and disciplined risk management. Avoid aggressive index positioning until a clear breakout or breakdown is confirmed.

#TechnicalViews#IndexStrategies#Today’sTradingSetup#StockInNews#Pre-OpeningCommentary
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