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Below the Quote on Pre-market comment by Saurabh Lohiya, Senior VP, Stoxmind.ai - a stock trading mindset assessment tool for Monday October 14

The underlying trend is expected to remain choppy, which reflects the mixed signals from geopolitical events and the economy. After a streak of volatile sessions, the Nifty50 was range bound in the past week with a minor change of around 50 points. The India VIX has come down by 6.42% to 13.22. Interestingly, Nifty formed a bearish high wave type candle on both the weekly chart and the last trading day. The nearest technical support level is the price anchor of 24500, while resistance is at 25250.

The choppy trend can lead to impulsive decision-making by Nifty50 traders as they struggle to interpret the mixed signals and make sense of the market's behaviour. It is a time to exercise patience and discipline, sticking to a trading plan and avoiding emotional reactions to the market's fluctuations.

Sector-wise, there was more directional movement in the past week, which is expected to continue. Sector indices may show a more apparent trend. For instance, the Nifty Pharma index gained 55.00% compared to a 26.12% gain in Nifty50 over the last year.

Though China's stock market has recently broken records and the CSI300 index is up 16%, the US-China tensions continue to soar, which may benefit capital flows to India. The other geopolitical events also do not pose immediate concern for the Indian capital markets.--

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