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Below the Pre-market commentary October 15 by Saurabh Lohiya, Senior VP, Stoxmind.ai - a stock trading mindset assessment tool

Positive sentiment, characteristic of a bull market, appears to be contagious, influencing markets worldwide. Dow gained 0.5% and closed above 43,000 for the first time. DAX gained 0.69% to climb above 19,500 for the first time. APAC markets opened and traded higher early in the morning, including South Korea's Kospi, Japan's Nikkei, Hon King's HSI, and Australia's ASX.

The Nifty index created a bull candle yesterday on the daily chart, which can trigger an upside breakout after being range-bound. A breakout above 25,200 can trigger a fear of missing out (FOMO), fueling buying pressure to propel around the 25,500 price anchor. The highest OI for call strikes is at 25,200 and 25.300. The closest support is at the 24,900 level, with the highest OI for put strike being at 25,000. Nifty Realty index witnessed strong momentum yesterday and closed at a gain of 1.61%.

It is relevant to recall the observation of Robert Shiller, a Nobel laureate in economics, that emotions and bull markets can mutually reinforce each other. Investors may assume that everyone else shares their bullish views, reinforcing their own beliefs and further driving the market upward. Traders may benefit by sticking to a risk management plan amidst the exuberance.

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