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Good morning everyone, this is Upendra from Team Global Markets. The pre-market analysis shows a potential increase of 400 to 500 points, with economic data points suggesting a possible rise in the US GDP number. However, there is a cautionary note on the lower side level of 42,236, which could lead to a direct fall of up to 200 points. It is important to note the psychological support levels of 18,000 for Nifty and 42,000 for Bank Nifty. Avoid taking entry points at 42,000, as a breakdown could occur. Consider using put options for a potential market reversal.
