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DEEPAK PAL

8th Jul · SEBI-Registered Analyst

PRE MARKET REPORT----> Gap-Down Start Expected! But Will Bulls Turn the Tables After Opening?

The market is likely to begin today's session on a cautious note as weak global cues weigh on sentiment. US markets closed lower in the last session, while Gift Nifty is indicating a gap-down opening, suggesting that traders may see some pressure at the start of trade. However, the bigger question is not the opening—it's what happens after the opening. ##Global Cues Turn Slightly Negative US Markets End Lower Crude Oil Jumps 5% From Recent Lows- but remains below the $80/barrel mark While the move deserves attention, there is no immediate reason for concern. ##FIIs Have Stopped Aggressive Selling One encouraging sign for the bulls is that FIIs have largely stepped back from aggressive selling. ##What Should Traders Watch Today? ***** Nifty manages to recover a significant part of the gap-down during the first half of the session, it would indicate: • Buyers remain active 2. If selling intensifies after the opening and losses continue to widen, it could indicate: • Weak short-term sentiment • Lack of buying support ##Sectors to Watch- AUTO AND OIL & GAS

BAJAJ-AUTO
M&M
MARUTI
FORCEMOT
OIL
RELIANCE
ONGC
##Important Levels to Watch Nifty Support: 24,400 Resistance: 24,650 – 24,750 Bank Nifty Major Support: 58,000 Bank Nifty has been showing relative strength in recent sessions. As long as the index holds above the 58,000 mark, bulls are likely to retain control. A decisive break below this level could increase selling pressure across financial stocks. ##Bottom Line Today's gap-down opening is important, but the real signal will come from the market's ability to recover. If Nifty absorbs the early weakness and rebounds during the first half, it would suggest that buyers remain firmly in control.

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