Pre Market Report 22-Jul-2026

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

[00:00:12]Uh today evening I'm flying to uh this country called seashells and maybe I'll be there for four five days. So for the next four five days there may not be any uh video u only the audio podcast will be there. So that's an important announcement. So it's a short trip. Uh but again so there is no direct flight from Chennai to seashells. So I have to go to Mumbai then from Mumbai to seashells and etc. Uh coming back to market uh yesterday the US markets were higher and uh you know uh like ADRs IC bank ide all are okay but still the gift nifty was down 100 points. So I was surprised I was looking for the reason I could not find any reason. There is only one reason that crude prices were trading above $91 yesterday night and today morning I'm seeing that it is trading about $92.

[00:01:16]So remember once the crude crosses $100 that's it the game is over for India. Uh so India it will be a big trouble if the crude goes back to $100 again. But let us hope sooner or later this crude oil prices come down. So because forget about the market as a traders but we should worry about our economy also.

[00:01:43]So uh this flare up between us and Iran are at least you know there is no deescalation.

[00:01:51]So that's maybe having some impact in crude oil. So we don't know but there is no sudden flare up in US Iran issue also but I don't know why this suddenly from this $8788 to 9192 so this 5% increase is really uh surprising so that's why despite positivian markets uh you know the gift nifty is indicating about 100 point gap down uh remember just 2 3 days before nifty took out the resistance of 24300 and it went beyond that but then after that uh for the last two trading sessions and nifty fell and now with another big gap down uh you know is a 3 days of fall you know uh this considered to be not really very good usually in a in a market either in a consolidation market or a trending markets do not correct more than 3 days so the third days a third day low will be considered as a very important support. So let us see today morning if the market makes some kind of a a bottom and then if market recovers then that low will have to be watched very closely. That's number one.

[00:03:09]Number two for the last many trading sessions Nifty has taken support exactly at 24,000.

[00:03:16]So 24,000 was you know defended by the bulls many times. Remember few days before once nifty future broke 24,000 but nifty spot did not break 24,000.

[00:03:29]So therefore you know this game continues for the last many months Nifty is staying around 24,000 plus minus.

[00:03:38]Last two days Nifty is down but uh midcap and small cap indices were higher. uh I think they're all trading near all-time high but Nifty is nearly 10% from all-time high. So there is a huge underperformance by the large cap stocks in India.

[00:03:58]So April month expir was around 24,000 May month around 24,000 June month around 24,000 July we have five more trading sessions. looks like it's going to be somewhere around 24,000 maybe plus or minus 200 points. So that's not a big deal.

[00:04:18]So this long-term uh usually markets consolidate maybe for about 8 weeks to 10 weeks not more than that and at least after 10 weeks you know the market has to take a direction but here the market is not taking uh any direction and for a long time this is continuing. So as I told you already uh like people general expectation is that it has to break out at least it has to go towards 26,000 uh but the time is running out so July is over August September October November December only 5 months so 5 months you know uh nifty going to 2,000 point may be difficult but of course if there is any trigger you know the story is different uh I remember 2020 23 uh November uh there were five state elections before the parliament election. So BJP's performance was very very good in those five states and because of that in one month nifty shot up,500 point and that time the nifty was 19,000 so,500 point is nearly 78%.

[00:05:37]And not only that and after that some US Fed chairman indicated that the interest rate will go down will be going down going forward.

[00:05:48]Then December month another 1,500 point.

[00:05:52]So that means 15% rally has come in just 2 months. But that's because two big positive news came.

[00:06:01]But from here to December uh you can trust Trump right you will never get any good news right so I don't know so this year maybe after 2015 so this year going to be uh India's negative candle for the year 2026 so anyway so let us hope that some magic happens uh market picks up from here so otherwise the investors uh will be feeling very very bad. So at least now retail people keep on pumping the money putting in SIP supporting this market.

[00:06:42]So once they get fed up that is where the real problem for uh market starts.

[00:06:48]So it'll be very difficult for market to give negative return for 2 years. If that has happened then for next 3 to 5 years giving negative return is not a big deal. So uh maybe it's July is over, August, September. So we have only two more months. So last 22 months Nifty return is minus 10%.

[00:07:11]So another 2 months. So if Nifty return is minus 10% or 8% to 10%. Uh that's going to be a big deal. So otherwise today there is nothing more to discuss.

[00:07:25]know uh there are here and there some stock specific news and uh today's Thursday uh sorry today's Wednesday uh tomorrow is the uh Infosys results so some speculative position may be built in uh infosys and otherwise there is no key uh results also this week so maybe Nestle may be coming out with results today I think so if Nestle results will impact indust understanding were ITC and other FMCG stocks IT stocks most of the results are over so infosys you know it may not affect the whole sector it may affect only the particular stock so uh hope that you know nifty takes support around 24,000 and as usual 24300 is the resistance so the setup right now is the first support at 24,000 ultimate support at 23800 and second first resistance at 24300 ultimate resistance 24600.

[00:08:33]So that is the picture right now. So let us see what's going to happen. Uh only uh intraday players are making money in this market. Gap up gap down after that market consolidates. Right? For the last uh 10 15 days, one of my friends is doing uh intraday. So he has been making consistently profit. I think that was only one day his stop loss was hit. But he has made a decent profit in the last 15 days. So let us see what is going to happen. So probably market may gap down and then consolidate. So we'll giving a good profit for intraday players. Hope you enjoyed watching this video. Thank you for watching.