Pre Market Report 05-Oct-2023

Pre Market Report 05-Oct-2023

► ► IMPORTANT LINKS

► NEW DELHI & MUMBAI 2-DAY Options Trading Offline Workshop
CONTACT Details - 7358447138, 9150609409

----------------------------------------------------------
►Background Music Credits:
Beat made by Chuki Beats
----------------------------------------------------------
#PreMarketReport

[selvaKumaresra]

High level Summary

00:17 US markets are not settling and are not moving higher significantly after finding a bottom.

01:42 Markets traded with extreme fear and are likely to bottom out.

03:00 Technical indicators show short-term trends and major trends.

04:27 Nifty is likely to move only 400 to 500 points in the short term.

05:48 Shorting at the current level may not have a good risk-reward ratio.

07:03 Nifty is expected to consolidate between 19, 200 and 19, 800, with a downside trend.

08:15 HDFC bank and ICICI bank stocks fell significantly

09:26 Global cues are turning around and crude prices have fallen significantly, which is good for Indian markets. Market volatility is expected during the weekly expiry.



Detailed Summary

00:17 US markets are not settling and are not moving higher significantly after finding a bottom.
- There has been no significant increase in Dow, S&P 500, and NASDAQ 100 over the past two years.
- US inflation peaked in September and has not subsided, affecting the markets.

01:42 Markets traded with extreme fear and are likely to bottom out.
- Extreme fear in the markets indicates a potential market bottom.
- The markets fell in pre-market but then bottomed out and moved higher.
- The NASDAQ 100 saw a significant increase in points from intraday low to intraday high.
- The markets have experienced significant volatility recently.

03:00 Technical indicators show short-term trends and major trends.
- Short-term trends indicate a potential 400-500 point fall in Nifty.
- Major trends can result in a rally of up to 2, 500 points.

04:27 Nifty is likely to move only 400 to 500 points in the short term.
- Nifty fell from 20, 200 to 19, 740 and technicals showed short.
- The probability of the market falling further is very low.
- The opening and closing levels on yesterday's chart were almost the same, indicating a pattern called 'toi pattern'.

05:48 Shorting at the current level may not have a good risk-reward ratio.
- Technical indicators suggest that the market is likely to bottom out.
- Short positions should be taken when technical indicators are short and long positions when they are long.
- Wait for another 400-500 point drop before taking a short position and expecting a good reward.
- 19, 200 is expected to be a strong support level in the short term.
- Selling exhaustion and FAS are still present in the market.

07:03 Nifty is expected to consolidate between 19, 200 and 19, 800, with a downside trend.
- If holding a short position, it can be continued but adding a new short position is not advisable.
- Next week, focus will be on stocks as major IT stocks declare results, especially HDFC Bank which is being sold by FAS.

08:15 HDFC bank and ICICI bank stocks fell significantly
- HDFC bank fell more than 10%
- ICICI bank fell about 6-7%

09:26 Global cues are turning around and crude prices have fallen significantly, which is good for Indian markets. Market volatility is expected during the weekly expiry.
- Reduce selling by F is needed for the market to resume the rally.
- Auto stocks are expected to benefit from the fall in crude prices.
- Shorting the market is not recommended at this point of time.
- It is a good time to cover short positions.

[TarunSinghal]

Good morning Sir
Outstanding knowledge

Have a nice day

[sadasivasahu]

Yesterday I told when pr sundar bearish market is turn bullish

[saikarthikmorakonda]

Sundar sir
Can you start doing videos on usa stock market daily like pre market and post market

[shahbazquraishy]

I made a straddle of 9 months in march of this year,
and making very good profits.

[ROCKY-dgno]

Today nifty will it open gap up or down??

[masilamani]

Please change new one voice recording system over noise following your valuable speach.
(Can you once hear your recorded speach)

[thallapallymuralimohan]

Waiting waiting eagerly eagerly
Omg without seeing you how can I trade today 😢😢😢

[hotstaramazon]

Today is 5th of month guys SIP mutual funds may take market up.

[navin.]

Which stock is profitable for FII to sell

[entertainingguru]

Any one time us market rally even half a percent this person say market bottom out don’t believe him guys

[insaneff]

sir always have tecnical and technicals problem

[b.s.nreddy]

Those who have unflinching faith only view these shows. All others stay away