Pre-market analysis ( 04 oct 2024 )
Yesterday FII sold 15,243.27 cr's
DII bought 12,913.96 cr's
The quantities fii sold were huge.
gift nifty indicating 90 points gap down as of 8.15 A.M
other gobal markets like dow-jones, nasdaq and s&p 500 were also bearish
only china and japan markets were bullish.
ADR's indicating strong bearish view, especially in banking sector.
Technically there are many supports and resistances nearby in both Nifty and Banknifty.
considering global news like war, my expectation is market may go sideways to bearish but not expecting huge move today.
volatility may seen and chances of stop losses triggering at both sides may high.
have a nice trading day.