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Pre Market Report & Global Cues | 06 October, 2026

Today’s setup looks positive, but the underlying pressure hasn’t really gone anywhere. US markets closed strong. Nasdaq up 1.05%, S&P up 0.66%, mainly led by tech buying. But Infosys ADR was down 2.5%, so that strength is not fully translating to our IT space. Now look at the bigger picture. US 10Y yield is at 5.32%, this is the real issue. It keeps moving higher slowly, and at these levels, it becomes difficult for global equities to sustain rallies. Money keeps getting attracted towards bonds. Crude is trying to cool off. Brent is around $100.8 after falling yesterday, but still not at comfortable levels. Until it moves clearly lower, cost pressure across sectors stays. Asian markets are giving mixed signals. Some strength in Hang Seng and Nikkei, but weakness in Korea and Singapore. So, no strong global direction. Gift Nifty is indicating a mild positive start, not a strong gap. That means market is opening stable, but conviction is still missing. Now focus on India. India 10Y yield is at 7.21%. Even though short-term yields cooled, long-term yields are not coming down. That tells you borrowing cost pressure is still there. And then the currency, USD/INR at 96.29. This is the biggest warning sign. Even when crude corrected yesterday, rupee didn’t improve. That means underlying weakness is strong. If crude moves up again, currency can weaken further quickly. This is something FIIs watch very closely. Event to watch: Services PMI at 10:30 AM, expected at 55.8. Any surprise here can move the market intraday. For today’s session: Don’t read today as a simple “positive day”. Yes, global markets were up & we may open slightly higher. But the structure is not strong. Yields,Crude & Rupee. That combination usually limits upside. So, the real trade is not at the open, it’s after the open. This is a selective market, not a broad rally market. Focus on where money is moving, not just where the index opens.

🔑 Nifty Levels Immediate resistance: 22,650–22,750

PRE MARKET--> FIIS/ IT STOCKS/ NIFTY & BANKNIFTY AND MORE...

Nifty Deeply Oversold! Crude Cools, FIIs Keep Selling — Can IT Stocks Trigger a Relief Rally? Indian markets enter today's session at a critical point. After eight consecutive weekly declines, Nifty is now trading near multi-month lows and technical indicators have moved into deeply oversold territory. The biggest question for investors is: Can an oversold market finally see a relief bounce, or will continued FII selling keep the pressure alive? There are some encouraging signals — particularly from crude oil and global IT — but foreign selling remains the biggest obstacle. ---->Nifty Is Deeply Oversold The Indian market has gone through an unusually long period of weakness. Nifty has recorded its eighth consecutive weekly decline, its longest losing streak in 25 years. The index closed around 22,422 in the previous session, while technical analysts have highlighted the 22,200–21,740 zone as an important structural support area. ---->FIIs Are Still Selling The biggest problem remains foreign institutional selling. FIIs have been consistently reducing exposure to Indian equities. In September alone, FIIs reportedly pulled out around ₹44,010 crore, while DIIs invested nearly ₹76,030 crore. ---->IT Could Provide the Market Some Support One of the most interesting positive triggers is coming from global IT. Accenture delivered a strong Q4

Sensex Outlook for 05-Oct-2026 Looks Bearish

The technical setup of Sensex reflects a heavily defensive market mood following a 570.59-point drop to close at 71,909.70 in the previous session, coupled with a multi-day holiday pause that left domestic sentiment highly reactive to accumulating global macro changes. The Daily MACD Histogram is below zero and the Hourly MACD Histogram is also below zero indicating a bearish trend. The Daily RSI 14 below 30 and the Hourly RSI 14 below 40 is also indicating a bearish trend. The overall trend of Sensex looks bearish, and the sellers are in control over the markets. Sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Sensex. We may expect a change in trend only if the price sustains above the resistance level. Can Initiate buying only if prices continue to sustain above the resistance level. I have provided Sensex Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Sensex Spot Resistance 1 - 72395 Resistance 2 - 72545 Support 1 - 71520 Support 2 - 71400 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : INFY, TCS, HCLTECH. Top Losers : MARUTI, M&M, TATASTEEL.