Pre Market Report 24-Jun-2026

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

[00:00:11]Exchange.

[00:00:12]Uh, yesterday evening I could not do postmarket report due to some personal work, right? So you all know uh that and I'm I'm taking some action against uh a top police official in ch in Tamil Nadu.

[00:00:30]So related to that so I had to uh speak to many people you know so uh I'm going through a lot of stress right so like uh threatening calls coming to me you know uh so naturally when you want to try to expose somebody then definitely they will threaten you so we are prepared for all these things right so very soon I'll be uh coming out with the details right so now let us stick to the stock market.

[00:01:00]So yesterday the fall was a dramatic fall you know so a more than 300 point fall uh which was totally unwarranted uh until afternoon things were okay but then suddenly some news came you know there was a big sell off in South Korean market and South Korean market hit a lower circuit of 8%.

[00:01:25]and stocks like um Samsung and SKH highix. Okay. So I think that we have already discussed uh about uh know uh Samsung and SKH highix together it has about 40 to 45% weightage of the index there and both the stocks like Samsung has fallen about 8 9% and SKH fallen about 11 to 12%. So you know this uh artificial intelligence related stocks uh you know so we can say it's a overwhiation so therefore here and there some profit booking you know is not ruled out and then moreover if you take uh since January 1 till now in the last 6 months you know there were a number of times South Korean market was up 5% and a number of times South Korean market was down 5%. %. So that is the kind of volatility the South Korean markets going through and that is a kind of volatility this artificial intelligence stocks are bringing. So yesterday the news came in the afternoon that South Korean market you know fell 8%. So our market started falling here and it was free fall you know uh the like like one rupee option going to 100 rupees. So all those things has happened yesterday. So you know uh it was uh you know even the days where you know there was some Iran conflict then bulls could defend 24,000 on a closing basis but yesterday that 24,000 was broken and then went for a free fall and uh you know I was checking is there anything that goes against India except this South Korean market falling 8% there's nothing a crude oil prices did not go up. Uh gold prices did not go up and in fact yesterday night both crude oil and uh gold have fallen significantly. I think right now uh Brent crude is below $77 and the gold is closer to $4,100 you know. So you know for a macroeconomic picture point of view for India you know the lower crude price and the lower gold price is a very very big positive right. So therefore we may not go higher but there is no reason for us to fall drastically and probably what happened yesterday is a expiry related you know uh things. So sometimes you know exper related things you know uh positioning of the people put people would have sold large put options they would be covering and this and that.

[00:04:10]Uh so yesterday's uh price action we can just ignore it as a uh expiry related operation.

[00:04:18]Right now also the gift nifty is not indicating weak but surprisingly yesterday the both FAS and DAS were net buyers.

[00:04:25]FIA and DAS both are net buyers and the market you know went for a free fall of more than three 3,000 point 300 point you know even after 3 p.m. there was a big sell off after 3 p.m. I was watching 23 900 put shot up from 5 rupees to uh 80 90 rupees you know like 15 times 20 times.

[00:04:48]So uh earlier I told you just few days before uh the for the monthly option that is expiring in June 30 uh 24,000 call and put together were trading about 400 rupees. Call was around 200 rupees put was around 200 rupees. So smart people they are taking that position. So they are hoping that you know uh Nifty is not likely to fall below 23600 and higher side 24400.

[00:05:19]Of course if the market falls they will sell additional call or market shoots up they will sell additional ports you know so they'll be able to manage another 100 point uh move. So taking the total premium to 500 rupees. So the range for the next 4 days until next Tuesday uh is clearly from 23500 to 24500 but the way market is going you know upper side may not be even 24500 uh the technical level of 24300 uh which is a 50% Fibonos retracement you know 100 100 day moving average so they're all there somewhere between 24200 to 24300 so looks like that itself may be a problem but then who knows you know uh usually I always say I have observed a number of times on an expir day if the nifty goes for a free fall and if nifty closes at the lowest point of the day the very next day the first trading day of the next series you know uh there will be a uniform rally but that usually happens on a monthly because those days there were no weekly options So it was mostly uh monthly one. So but now this is a weekly one. So we have to see. So at least you know if there's a more than 100 point rally uh you know then we can say you know uh the trend continues.

[00:06:48]That means you know uh if there's a severe sell off on an expir day the following day there will be a rally. So let us see. So what's going to happen today? uh even in US also it is only the uh technology stocks that came under selling pressure and South Korean market though it was down 8% yesterday now it is up 5%. Uh so you know uh like we don't need to react to South Korean market actually but yesterday I do not know expected this kind of a violent reaction to South Korean markets. So let us see what is going to happen. So let us hope bulls reclaim 24,000 if not today at least uh by the end of this expiry. Hope you enjoyed watching this video. Thank you for watching.