Pre Market Report - 22-Jun-26 (Monday)

General
1

The Big Picture

  • US-Iran war winding down
  • Crude oil prices cooling down
  • The focus will shift to our internals
  • The earning season to kick off in July

Positional

  • The market wants to go up
  • However, 24050-24150 is a congestion zone
  • Once that’s crossed on the closing basis, we can see a move to 24,500
  • Let’s see if the bears put up one good fight before giving up

Intraday

  • 24050-24100 will be the key resistance zone
  • 23950-24000 will find buyers
  • Everything in between is just noise.

image
image877×791 118 KB

1 Like
2

Again today it helped to keep out the unnecessary trades and keep the broader picture in mind :pray:

1 Like
3

Played out almost exactly as described. Market opened near 24,100 resistance and stalled — spent the first half just grinding sideways in that 24,050–24,100 noise zone. CE buyers got squeezed in the morning before it briefly broke up. Closed without a decisive breakout, so the congestion call was spot on. Earnings season should be the real trigger.