Pre Market Report 03-Jun-2026

Added: 2026-06-04

[00:00:05]Hi, this is PR Sundar. Welcome to pre-market report sponsored by Delta.exchange.

[00:00:14]Uh, today I was a little bit tired. You know, I thought maybe if I've recorded what I've done earlier, the same thing can be used. Every day I start the video, the same introduction.

[00:00:27]uh US markets at a fresh all-time high.

[00:00:30]Uh Japan, South Korea market hit a fresh all-time high and the gift nifty is down more than 100 point. So I think this is my opening remark from most of the time and then today is also the same thing.

[00:00:45]uh Japan fresh all-time high and give nifty indicating a nearly 150 point fall and this is really very big because you know uh yesterday if you see the nifty closed only about 100 point higher right and then now give nifty indicating more than 150 that means that yesterday's entire gain will be wiped out today. So that is the kind of market that we are having. Uh precisely yesterday the nifty uh was up 100 point exactly 100.95 101 point and now give nifty indicating about 150. So that means we are going to go to negative.

[00:01:36]Yesterday probably what has happened is the expiry related issue because like markets continuously fell pre from previous two days the people would have sold call options left right and center.

[00:01:51]So you know the intraday recovery of more than 350 point you know so that it like it it would have trapped the intra intraday short sellers or positional short sellers.

[00:02:03]And now again back to square and now give nifty 150 point down.

[00:02:10]Yesterday you know I told you that it was not a broad-based rally. So only certain stocks or certain sectors did extremely well uh just like uh IT stocks. I think TCS and Infosys both are higher by about 5%.

[00:02:28]IT index itself is about 4 and a half% higher but otherwise yesterday Reliance was down and many other uh top stocks are down.

[00:02:40]So we are not out of the woods but only good thing yesterday is that India was down by more than 7% and also the Nifty took support once again uh when it fell below 23300.

[00:02:58]As I told you yesterday, the nifty broke 23300 only once in May series and then but that day nifty closed about 23400 and again in June series yesterday uh Nifty broke 23300 but closed about 23400.

[00:03:17]So one more time if Nifty breaks 23300 and I think that is time to be bearish but sometimes you know that may be too late already.

[00:03:29]uh 150 point gap down is such a big gap down uh you know the only reason is that FIA is selling and yesterday FIS have sold for about 8,000 cr and we all say that you know South Korean market is up 200% you know South Korean market hit for a short time high but in fact FAS were net sellers in South Korean market more than what they are selling in India but despite that you know uh the domestic players probably supporting that market but here what happens you know uh there are investors there are traders the traders usually follow the fias and you must have seen as and when there is a fa selling of more than 5,000 cr then next day uniformly gift nifty gap down open more than 100 point and and then you know people continue to short and then market becomes weak you know days Like yesterday domestic institutions come and put a big buy order to support the market you know because of short covering market goes higher the next day again it falls.

[00:04:39]So remember now the market is trading uh closer to the low end of the trading range.

[00:04:48]So let us hope that Nifty doesn't break 23300 once again. Even the huge volatile month like May series uh 23300 was broken only once. Now if it is breaking more than once then it's going to be a big problem and uh you know now the people are coming to a conclusion that you know this market you know may be volatile but not going to go anywhere neither going to go higher nor going to go lower significantly from here so that's why both call premiums and put premiums are collapsing and that's why know the India VIX is also falling but remember India weeks you know uh it indicates one month option only but if you look at the December month options and there also the premiums are collapsing. Yesterday for example all the put prices have come down by 50 rupees 100 rupees but call prices did not go up. So you know the volatility index is falling more for the uh longerdated options.

[00:05:54]What India you see it is only applicable for one month options.

[00:05:59]So anyway, it's going to be interesting to see because in the beginning of this month, 23,000 put option uh had a high open interest. So if that is broken, then it's going to be a big problem for us.

[00:06:15]So uh keep watching for banking stocks.

[00:06:18]You know, RBA policy is coming on Friday. Uh you know, uh keep watching for Reliance Industries. you know the crude prices are slightly higher now and then keep watching for IT stocks will there be any uh fall on buying uh IT stocks have recovered significantly uh from their uh recent lows uh but still you know there's a very long way to go because most of the top IT stocks have fallen more than 50%. now like rising 10% you know uh it's not even recovering uh 20% of the fall so at least they should recover 50% of their fall so I think you know now domestic institutions uh just wanted to buy only the IT stocks uh to support the index so that is a view right now so let us see uh market you know uh 23200 nifty uh yesterday's low yesterday's low I think at 23 uh 229 something like that so that should be a very very good support resistance no need to talk uh looks like now even the 24,000 itself is going to be uh a resist resistance and remember I think as of yesterday about 18 or 19 trading sessions are over uh after the prime minister spoke and nifty fell for 2 days uh Monday and Tuesday the second day of red candle you know even after 1819 trading sessions still uh not taken out so you can see the kind of bearishness or the kind of impact a prime minister's statement can make in the market so there was some side news you know RBI selling a gold worth 12 billion so they all indicate that you uh RB is desperately uh you know worried about the foreign exchange reserves. So if a country is worried about the foreign exchange reserves there is a reason for you know FAS to get panic to sell more. I think that selling is not going to stop anytime soon. uh today only I read somewhere you know if they're selling for 8,000 cr every day uh still they can sell it for next 3 years so maybe after 3 years you know this is our kind of stock market will become atmanbar I know no FAS only domestic institutions only retail people so then people like us you know we'll have no job okay because we talking about FIA selling FIA buying this and So let us see what's going to happen. Uh but market can be volatile. So that is the only thing we can say. Uh if you look at the last 3 days uh every trading session Nifty either fell more than 300 point from day high or shot up more than 300 point from days low which means that intraday move more than 300 point every day. And let us say today gap down 150 point. Assume that by the end of the day the entire 150 point wiped out then it'll be 150 down plus 150 up it'll become 300 point swing. So markets are you know too volatile and in a too volatile market it's better uh not to trade in the short-term options and keep a long-term options. So that will be better. And if you are selling 22,000 put option and 27,000 call option uh you know in December series the probability uh of markets going uh either below 22 or above 27 uh for the time being it's very very looks impossible.

[00:10:18]uh of course who knows something can happen but right now it looks a very very reasonable range but still you are getting 25 30% return for your uh investments.

[00:10:31]So let us see what's going to happen.

[00:10:33]Hope you enjoyed watching this video.

[00:10:34]Thank you for watching.