Pre Market Report 15-May-2026

本站添加: 2026-05-15

[00:00:10]Hi, this is PR Sundar. Welcome to pre-market report sponsored by Delta Data Exchange.

[00:00:18]Uh yesterday, US markets hit a fresh all-time high. Uh S&P 500 above 7,500, NASDAQ also moving higher. And because of that the gift nifty was ephoric.

[00:00:32]The gift nifty was higher by almost 150 points yesterday night. But right now that entire 150 point is got wiped out.

[00:00:44]Uh right now the gift nifty is indicating a flat opening or flat to slightly negative opening. Why? Let us look at one by one. Number one though US markets went up yesterday but many stocks have fallen actually uh Trump has gone to China the Trump desperately wants to stop the war in Iran so he's asking China's help so earlier uh Nvidia the largest chipm company and number one company in the world so they were told not to sell the chips to China but now they are removing that restriction So because of that the Nvidia stock has shot up 400%.

[00:01:30]You know what happened yesterday here just because of some short covering in HDFC bank HDFC bank uh has moved about 3% from intraday low to intraday high the bank nifty shot up uh nearly,200 points because of that. So because the number one stock is HDFC Bank so it has high weightage both in Nifty and Bank Nifty. The same way Nvidia being a number one stock in US it has a higher weightage. So because of that the markets went up whereas other stocks did not do very well. So that is number one.

[00:02:08]So once the market started dissecting all these things the E4 has come down.

[00:02:15]Uh second thing though US market hit a fresh all-time high the Asian markets are not that enthusiastic. So Asian markets are generally mixed. Some are up some are down.

[00:02:29]And number three yesterday was such a fantastic rally of nearly 350 to 400 points in Nifty and Sensex shot up know,200 points from intraday low to high. uh bank nifty shot up 1,200 point but despite all these things the IT index has done very very badly IT index was down by 2% and both TCS Infosys uh I think and HCL technology also all three major IT stocks hit a fresh uh 52- week low right then today morning the news came that petrol and diesel prices are hiked by 3 rupees So this can also be one reason why the gift nifty has wiped out the entire game.

[00:03:21]But I would say uh this petrol and diesel price hike uh is actually positive. So why I tell you number one I always say the markets can take positive things, markets can take negative things but market cannot take uncertaintity. So this uncertaintity has been going on for a long time. So today that uncertaintity has ended. That's number one. Number two, uh there were a lot of speculation that petrol and diesel prices may be hiked by 20 rupees to 25 rupees, you know, because the oil marketing companies seems to be losing that kind of money.

[00:04:03]So everybody was speculating you know like 20 rupees 25 rupees hike and that is one of the reasons why our market are so bearish so fragile and then now this 3 rupees hike is much much lower than what is expected and of course gift nifty you know uh it may not reflect the true sentiment and uh you know so you know that the volume is very less people who euphorically really you know went long in the yesterday night so their stop losses might have been hit. So otherwise this 3 rupees hike is very very moderate hike and then this will also be coming down maybe once uh this Iran issue is over and then uh the last but not the least.

[00:04:55]So yesterday what was the reason for such a fantastic rally from the day's low? Uh remember market has fallen continuously for five trading sessions.

[00:05:05]Yesterday it did not go to negative but it went very close to negative nifty but bank nifty has gone 200 250 point more fall.

[00:05:17]uh the news is that you know the government of India is considering uh cutting the taxes for FIS who are investing in uh bonds Indian government securities.

[00:05:30]So but so far that news remains a speculation speculative one there has been no confirmation so far either from the RBI side or from the finance ministry side. So RBI seems to have recommended this to the finance ministry. So finance ministry seems to be considering this. Uh but I do give weightage to this news because this news has come even in international media like uh Bloomberg right. So usually only if some local medias are doing uh you know what does it mean right? So they will be trying to manipulate the market.

[00:06:10]So having said all these things coming back to the technicals uh open interest is still very high at 24,000 uh you know there was some unwinding at 23 400 500 600 even there was some uh unwinding happened at 23900 call also.

[00:06:31]So 24,000 seems to be uh the resistance at least for this weekly expiry. you have only three more trading sessions.

[00:06:41]However, on the downside, people were afraid of selling put options so far. So now with this kind of good news, uh people started selling put options aggressively.

[00:06:55]So because of that you know the put call ratio for the weekly options has shot up to 1.22.

[00:07:01]So that means roughly for every five calls sold, six puts were sold. So now people are you know gaining confidence that the uh the worst is over for our market. So that's why they are able to sell the put options at the 23 500 400 put options have been added in huge open interest.

[00:07:24]Then there are people you know who like to trade short straddle you know with a very very short-term view. So those people have taken 23700 short straddle yesterday. The 23700 short straddle the combined premium is about 350 points.

[00:07:43]So that means you know their upper break even will be 24,50 and then lower break even will be uh 23 350.

[00:07:55]So these people are expecting a range of 23 350 on the downside to 24,50 on the upside.

[00:08:04]So that is more or less same as what I suggested like uh 23 2000 to 24,000. So by the end of this uh weekly series so uh markets may be reacting in panic because of this diesel petrol prices hike and the stocks that will be uh in focus definitely auto stocks they might come under some kind of a selling pressure and then we need to see after half an hour 1 hour where the market settles down. So if the market takes out yesterday's high then definitely uh 24,000 is well within the reach.

[00:08:45]So that is the technical perspective. Uh that's for the short term for the weekly expiry. However, the long-term picture remains the same. So I told you the monthly range is 23,000 to 25,000. So that range is still uh intact. And uh yesterday the one good news is that the volatility index has fallen by more than 4%. So today forget about the first 30 minutes. So markets will be reacting to the headline news. Uh what's going to happen after that? So that'll be interesting to see. And then in some side news, you know, uh Gautam Matani seems to have agreed to settle the case with SEC uh by paying about uh $18 million as the uh settlement fee and uh so you know those stocks Adani stocks may be coming under focus today and uh this will be seen as a positive news only. uh you are caught by a regulator and you pay a penalty and the people will call you fraud but the same if a company uh like of that n size Adani and if they are caught if they pay the penalty the people say it's very very positive and see surely today Adani stocks will be higher yeah so that is how the market works so we cannot do anything right so uh today uh you So in first 30 minutes there will be some reaction negative reaction then after that what market is going to do. So that will determine uh for the next two days and remember uh today is a Friday. Uh usually the Friday last 1 hour will be very very interesting as people will not like to carry positions over the weekend because the weekend risk and because anything can happen. Uh so because of that uh today the first half an hour and the last 1 hour will be uh very very uh interesting. Uh so it'll be good if the market consolidates for at least uh two or three more days uh between 23500 and 24,000.

[00:11:04]So that is my wish. So let us see whether our wish is granted by the market or not. So let us see what's going to happen today. Uh, it's going to be an interesting day. Hope you enjoyed watching this video. Thank you for watching.