Pre Market Report 13-Sep-2024

P R Sundar
12 Sept 202407:05

Summary

TLDRIn the pre-market report, PR Sund discusses the US markets' recovery from a dip due to inflation data and recession fears. Despite a choppy Asian market, the Nifty is expected to open higher, influenced by domestic institutional selling. Sund maintains a bullish stance, with Nifty's all-time high and a target of 26,000. He reflects on the market's volatility, the importance of stop-loss for traders, and plans to sell 25,000 put options. The video concludes with a cautionary note on the unpredictability of the market and the impact of US economic events.

Takeaways

  • 📈 US markets closed higher despite inflation data being higher than expected, indicating a resilient bull market.
  • 📉 Markets fell over 10% in August due to recession fears but recovered significantly in the second half of the month and in early September.
  • 🌐 Asian markets are mixed, with Nifty expected to open higher despite a potential consolidation or minor reversal due to a significant rise the previous day.
  • 📊 Nifty experienced a significant increase, with domestic institutions likely booking profits, leading to a drop in the last minute of trading.
  • 🔝 Nifty hit a fresh all-time high, with 26,000 being the next target, showcasing the strength of the bull market.
  • 📉 Technical analysis suggests that the Nifty should not close below 24820, which it did not, indicating a strong market recovery.
  • 💡 The speaker acknowledges the difficulty in predicting market movements, especially after a sudden 500-point rise in Nifty.
  • đŸš« The importance of setting stop losses is emphasized, as not doing so led to significant losses for the speaker.
  • 🔼 The speaker plans to sell 25,000 put option, indicating a bullish stance with a good premium, despite market volatility.
  • ⏰ The upcoming US Fed event and market reactions are anticipated to create opportunities for traders to capture, highlighting the need for vigilance.

Q & A

  • What was the recent trend in US markets according to PR Sund's pre-market report?

    -US markets closed higher, recovering from a drop of over 10% in August due to recession fears, and have almost fully recovered by the end of the month and into September.

  • What is the difference between a bull market and a trader's market according to PR Sund?

    -In a bull market, it is difficult for traders to make money, but investors can, as opposed to a trader's market where traders can profit from volatility.

  • Why did the Asian markets show mixed results as per PR Sund's report?

    -Asian markets have been mixed for the last six months, with Fridays typically being trending days. However, after a significant rise in Nifty, there was an expectation of consolidation or a minor reversal.

  • What was the expected opening for the market according to the GIFT Nifty, as mentioned by PR Sund?

    -The GIFT Nifty indicated an opening about 30-40 points higher for the market, showing a 50-point gap-up.

  • Why did Nifty fall in the last half an hour of trading as per PR Sund's analysis?

    -Nifty fell about 88 to 100 points in the last minute of trading due to domestic institutions booking profits, leading to a sell-off of about 1,800 CR.

  • What was the new all-time high for Nifty, and what is the next target according to PR Sund?

    -Nifty hit a fresh all-time high, and the next target is 26,000.

  • What technical analysis did PR Sund follow that led to a bullish view, despite market fluctuations?

    -PR Sund's technical analysis indicated a stop loss at Nifty closing below 24820, which did not happen, leading to a continued bullish view.

  • What was the impact of the US economic recession fear on Nifty's performance?

    -Despite US economic recession fears causing a market fall, Nifty found support around 25,000 and recovered, indicating resilience.

  • What is PR Sund's weekly view and the expected range for Nifty?

    -PR Sund expects a range of 25,000 to 26,000 for Nifty this week, with potential for 600 points up and 400 points down.

  • What advice does PR Sund give to traders and investors regarding stop loss?

    -PR Sund advises traders to keep a stop loss, while investors do not necessarily need to, highlighting the importance of risk management.

  • What was PR Sund's strategy for the upcoming week, and what was his mistake in the previous session?

    -PR Sund planned to sell 25,000 put option for good premium. His mistake in the previous session was not putting a stop loss, leading to a significant loss.

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Market AnalysisNifty RecordRecession FearsTrading TipsTechnical AnalysisBull MarketInvestment AdviceMarket VolatilityUS MarketsFinancial Strategy
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