Start ·

Today's draft edition, unreviewed

What matters before 9:15 am?

One page, read in a few minutes before the market opens, written by an analyst each trading morning. Today’s example is an unreviewed draft.

Studio 2.2.0Shared with the team

Why It names the page’s one question.

The masthead: Morning Bytes, the heading “What matters before 9:15 am?”, Pre-market edition, 24 Sept 2026, Thursday, after the 23 Sept session. — The page’s name and its one question.

Speaker notes

Everything in this deck is drawn from one real-data draft, edition MB-20260924-DRAFT-v3: session 24 Sept, previous session 23 Sept, prepared 24 Sept at 01:52 IST from an evening snapshot. The numbers are real observations. They have not been reviewed. The card was shared with the team on 24 Sept as a first look; it is not a reviewed, published edition. The studio that draws the page is version 2.2.0. The name is Morning Bytes.

Promise for “masthead-heading” (draft wording): For a trader with a few minutes before 9:15 am, when they open the page, this helps them understand that the page holds only what matters before the open, so they can decide to read it top to bottom instead of hunting for the one figure they need.

Promise for “real-data-draft” (draft wording): For the analyst and the owner, when an edition is prepared the evening before from real observations, this helps them understand that it is real but unreviewed and still needs a morning refresh, so they can decide what to check before it is published.

The page ·

Today's draft edition, unreviewed

What is the one thing to know first?

The old page printed figures and left the reading to you. This one opens with a hand-written headline and one sentence with the figures behind it.

Why Two minutes is enough to stop here.

The headline panel: “Inside every range. GIFT points to the rising line.” Under it, Nifty, Bank Nifty and Sensex closed inside their ranges, and the evening GIFT reading implies a Nifty open near 23,372. — One headline, then the figures behind it.

Speaker notes

The old morning page read like a static graphic: takeaways, sparklines, a row of levels, numbers with nothing attached. The fix is a fixed structure, not more numbers. The main heading “What matters before 9:15 am?” is permanent; every figure below has to help answer it or come off. The headline and its sentence change each day and are written by hand. Proposed, not decided: rules for what the headline may say. Wording call for the owner: “GIFT points to the rising line” can read close to a forecast.

Promise for “main-message” (draft wording): For a trader who has one minute, when they open the page, this helps them understand the analyst's one-line reading of the market and what to check first, so they can decide what to wait for at the open.

Promise for “masthead-heading” (draft wording): For a trader with a few minutes before 9:15 am, when they open the page, this helps them understand that the page holds only what matters before the open, so they can decide to read it top to bottom instead of hunting for the one figure they need.

The page ·

Today's draft edition, unreviewed

Every claim has five parts.

Every claim can be tested. Directional words with no condition are not used.

Why Every later slide follows it.

ObservationAPOLLOHOSP last closed at 9,056.00.
EvidenceThe chart: three months inside a flat range, closing at its top.
InterpretationStill inside the range, not yet out of it.
ConditionA daily close above 9,070.50 confirms the exit.
InvalidationA close back under 9,050 afterwards voids it.

All five come from one card: the APOLLOHOSP stock card.

The page ·

In what order does the page read?

Conclusion first, evidence below, conditions always visible.

Fact the last session
Observation overnight, before the open
Condition what would change it

Why The map for the slides that follow.

1HeadlineSlide 2Overnight cuesSlide 3Index chartsSlide 4EvidenceSlide 5WatchlistSlide 6FooterSlide

Speaker notes

The masthead line “Thursday · after the 23 Sept session” is the time strip. Fact is the completed previous session: index closes, breadth, flows, sectors and options open interest. Observation is the overnight cues, true only as of the stated moment. Condition is forward-looking and conditional: the references and the watchlist conditions. The three are never merged into one score. The reader picture prints no separate sources block; the full view does (slide on reliability).

Promise for “time-strip” (draft wording): For a trader reading before the open, when they look at the top of the page, this helps them understand which session the numbers come from and when the page stopped taking news, so they can decide how much weight to give the settled figures and the overnight ones.

Promise for “main-message” (draft wording): For a trader who has one minute, when they open the page, this helps them understand the analyst's one-line reading of the market and what to check first, so they can decide what to wait for at the open.

Overnight cues ·

Which overnight markets earn a place?

A market is shown only if it passes both tests.

Why A rule keeps the strip short.

AA known route to India’s open.

BSettled, or trading, before 9:15 am.

Shown GIFT Nifty, Nikkei 225, S&P 500, Brent crude, USD/INR

Not shown China and Hong Kong (decided): their link to India’s open is too weak

Speaker notes

Rule (owner direction, 24 Sept): a cue earns its place only if it has a known, explainable route to India’s opening reading and it is settled or trading before 9:15 am IST. China and Hong Kong pass the timing test and fail the route test, by the owner’s judgement. Other candidates (Europe, gold, the US 10-year yield, the dollar index, other Asian markets) are still owner decisions and are not shown on this slide; the US 10-year yield is only a proposal.

Promise for “overnight-cue-rule” (draft wording): For a trader with a few minutes before 9:15 am, when they read the overnight strip, this helps them understand that every market shown has a known route to India's open and has already settled or is trading, so they can weigh each cue as a reason rather than as decoration.

Promise for “overnight-cues” (draft wording): For a trader deciding how much overnight news to carry into the open, when they look at what moved while India was shut, this helps them understand what each overseas or overnight market did since its own last reference point, so they can judge whether the overnight picture is calm, mixed or one-sided without treating it as a forecast.

Overnight cues ·

Today's draft edition, unreviewed

Why is each cue on the page?

Each cue passes both tests. Today’s Nikkei shows its last close, 18 Sep: Tokyo was shut for a holiday. It is replaced with the live value each morning.

Decided Times stay in the edition, not on the tile.

Why Each cue is a reason.

GIFT Nifty tile: 23,370.50, down 0.32%. — Nifty futures: the closest read on the open.

Nikkei 225 tile: Close 18 Sep, 65,018.95, up 1.38%. — One of Asia’s biggest markets, trading before India.

S&P 500 tile, derived: 7,715.94, down 0.63%. — Last big session before India opens.

Brent crude tile: $102.46, up 3.23%. — India imports most of its oil.

USD/INR tile: ₹95.863, up 0.27%. — Rupee moves reach foreign flows.

Speaker notes

GIFT Nifty is a futures price with its own gap to spot: an indication, never a forecast. Tokyo trades from about 5:30 am IST, so an edition finished at 01:52 IST can only carry the previous close; choosing the publish time is an owner decision. The S&P 500 value is a mid-session evening reading, and the tile says “derived”. On this page only the Nikkei tile prints a date. The observation time of every other cue is kept in the edition and in the full view. It is not on the tile. The owner decided this on 24 Sept, because the page is updated by hand each morning. Brent, USD/INR, Nikkei and S&P 500 values must be checked against their source pages before any release.

Promise for “overnight-cues” (draft wording): For a trader deciding how much overnight news to carry into the open, when they look at what moved while India was shut, this helps them understand what each overseas or overnight market did since its own last reference point, so they can judge whether the overnight picture is calm, mixed or one-sided without treating it as a forecast.

Promise for “overnight-cue-rule” (draft wording): For a trader with a few minutes before 9:15 am, when they read the overnight strip, this helps them understand that every market shown has a known route to India's open and has already settled or is trading, so they can weigh each cue as a reason rather than as decoration.

Index charts ·

Today's draft edition, unreviewed

Where did Nifty 50 finish?

The card gives the close, an upper and a lower reference, and how each was drawn.

Why The two levels that matter today.

Nifty 50 card: 23,446.80, up 117.80 (0.50%). Ascending triangle, 23 points under its flat top. Upper reference 23,470, lower reference 23,369, each with its 30-minute close condition. — Notice: 23 points under the upper reference.

Speaker notes

Nifty 50: 30-minute chart, 7 sessions. Close 23,446.80, up 117.80 (0.50%). Ascending triangle: upper reference 23,470 (the flat top), lower reference 23,369 (the rising line), which adds about 43 points a session. Levels are read from the picture, within about 2 points, and marked ≈. The conditions use a completed 30-minute close, not a price touch. Reference means a level with a stated derivation; the page does not say support or resistance without evidence.

Promise for “index-charts” (draft wording): For a trader who follows Nifty, Bank Nifty and Sensex, when they check the last session, this helps them understand how each index moved over two sessions and where it finished against its references, so they can decide what to watch at the open.

Promise for “reference-levels” (draft wording): For a trader who wants to know where the reading would change, when they look beside a chart, this helps them understand the two levels that matter and what a completed close beyond each would mean, so they can decide what to wait for instead of guessing.

Index charts ·

Today's draft edition, unreviewed

Where does Bank Nifty sit?

The same card, on a daily chart. Each card names its own timeframe.

Why One way of reading three indices.

Bank Nifty card: 56,548.90, up 0.59%. Inside a 3-month rectangle. Upper reference 58,705.45, lower reference 55,714, both on a daily close. — Notice: 835 points above the bottom.

Index charts ·

Today's draft edition, unreviewed

Where does Sensex sit?

The same card, on 30-minute closes. The neckline, 75,021, is the upper reference.

Why The timeframe changes what a level means.

Sensex card: 74,828.25, up 0.40%. Inverse head and shoulders, 178 points under its neckline. Upper reference 75,021, lower reference 74,529.08, both on a 30-minute close. — Notice: 178 points under the neckline.

Evidence ·

Today's draft edition, unreviewed

Was the move broadly shared?

37 of 50 stocks rose. It counts one 50-stock basket, not the whole exchange.

Why An index can rise on a few heavy shares.

Market participation tile, 50-stock basket: 74% advanced, 37 up, 13 down. — Notice: 74% advanced; 13 declined.

Evidence ·

Today's draft edition, unreviewed

Who bought and sold in cash?

FII net +1,617 crore, DII net +2,342 crore, against the four sessions before. Provisional. Money moved is not a forecast.

Why One day is not mistaken for a trend.

Institutional cash flows tile, rupees crore net: FII/FPI +1,617 and DII +2,342 for 23 Sept, with five-session bars for 17 to 23 Sept. Five-session net: FII −5,378, DII +13,896. — Notice: five-session net, FII −5,378 and DII +13,896.

Evidence ·

Today's draft edition, unreviewed

What did FIIs do in derivatives?

Index futures net +679.0 crore, index options net −3,906.2 crore: bought minus sold turnover, not open interest.

Why The derivatives half of the flow picture.

FII derivatives tile, net turnover in rupees crore: index futures +679.0, index options −3,906.2. Bought minus sold turnover; not open interest, not positioning. — Notice: it says it is not open interest.

Evidence ·

Today's draft edition, unreviewed

Where was the move concentrated?

Metal +2.40% and FMCG +1.32% led; IT −0.87% lagged. Four selected sectors, not a full ranking.

Why It shows whether a few areas carried the index.

Sectors tile, four selected sector indices: Metal +2.40%, FMCG +1.32%, Pharma +0.90%, IT −0.87%. — Notice: four sectors only, chosen by the analyst.

Evidence ·

Today's draft edition, unreviewed

What expires today?

Sensex weekly options expire today, so they take the options slot. Puts left, calls right, by strike. Max pain 74,800; put/call 1.37. When Nifty’s expiry is nearer, Nifty takes the slot.

Why On expiry day the whole chain matters.

Sensex options, 24 Sept weekly expiry, expires today. Put and call open interest by strike from 74,200 to 75,400. Spot 74,828.25, at the money 74,800, max pain 74,800, put/call 1.37 by open interest and 0.96 by volume, at-the-money IV 11.62%. — Notice: 74,800 gained the most puts, +13.9L.

Speaker notes

Spot 74,828.25, at-the-money strike 74,800, put/call by volume 0.96, at-the-money IV 11.62%, total call open interest 289.4L and put 395.8L, chain saved 23 Sept 15:59 IST. The tile also lists the strikes with the most open interest and the most added, and the at-the-money call and put together as “the range the options price in, not a forecast”. It is printed only when the edition carries an expiring contract. The rule is the nearest expiry. Sensex today, Nifty when its expiry is nearer. Only one is shown. That is the owner’s rule from 24 Sept. Two expiries on the same day is not decided. The picture’s small labels are faint in this capture; the studio itself draws them clearly.

Promise for “expiry-day-block” (draft wording): For a trader whose index option expires today, when they read the morning page, this helps them understand where calls and puts are stacked around the money and what the options price in, so they can decide which strikes deserve a look.

Evidence ·

Today's draft edition, unreviewed

How calm was options pricing?

India VIX closed at 10.37, down 5.73%. It is not a direction signal, and it is no protection against an opening gap.

Why How much movement options priced in.

India VIX tile: 10.37, down 5.73%. Lower at close; not a direction signal or protection against an opening gap. — Notice: it says lower at close, nothing about direction.

Watchlist ·

Today's draft edition, unreviewed

Which charts deserve a look?

Each chart shows a pattern. One line says which daily close confirms it and which voids it. ≈ marks a level read from the picture.

Why The exact close that matters.

APOLLOHOSP daily chart, a rectangle about 3 months wide, last 9,056.00. A daily close above 9,070.50 confirms the exit from the range; a close back under 9,050 voids it. — APOLLOHOSP: confirmed above 9,070.50, voided under 9,050.

SONACOMS daily chart, a flag since 3 Aug, last 832.00. A daily close above 844.00 confirms the exit from the flag; a close back under 829 voids it. — SONACOMS: confirmed above 844.00, voided under 829.

Speaker notes

The charts are the analyst’s own, taken from Sahi’s charts as pictures. The candles on each picture are matched to saved bars, so the stock is identified from the data and not from the label it arrived under; the owner confirms the name. APOLLOHOSP: last 9,056, 6 rupees above the 9,050 top of the range and 14.50 under the 9,070.50 trigger. SONACOMS: flag since 3 Aug. “No fresh setup” is a valid result on a quiet day. Not decided: whether pictures may stand in for candles in the index blocks.

Promise for “stocks-to-watch” (draft wording): For a trader who wants a short list of names worth a look, when they finish the market view, this helps them understand up to two stocks where a clear daily-close trigger and a clear invalidation exist, so they can decide whether to watch them, without being pushed to trade.

Promise for “manual-charts” (draft wording): For a trader reading before the open, when a stock has formed a chart pattern, this helps them understand the pattern on the real chart with its resistance, its support and the close that would confirm or cancel it, so they can decide whether the stock is worth watching.

Watchlist ·

Today's draft edition, unreviewed · full view

Is anything scheduled today?

Verified events appear with their times. Today none is verified, so none is shown. Empty is not “no events”.

Why Not verified beats a blank.

Full view of the risk panel: India VIX 10.37, down 5.73%. Calendar not verified: an unavailable calendar does not mean there are no events. Check exchange and company notices before the open. — Full view. The reader picture draws this only when an event is verified.

Trust ·

Today's draft edition, unreviewed · full view

Can I rely on this page?

Real data, not yet reviewed, shared with the team as a draft. Every figure keeps its source and time in the edition. Missing data stays missing.

Decided The reader page has no draft mark; the full view keeps it.

Why How far to lean on the page.

Footer: prepared from public market information and Sahi’s own market data, for information only. Not investment advice. — Footer: information only, not advice.

Full-view sources and timing block. Sources for each figure, all times IST, and the status “Draft · analyst review pending”, edition MB-20260924-DRAFT-v3. — Full view: every source, and the draft status.

Speaker notes

Three states of an edition: sample (invented), draft (real observations, unreviewed, needs a morning refresh, never ships) and production (reviewed by a person, rights, brand and disclosure confirmed). Today: draft, no reviewer, and the data-rights, brand and disclosure approvals are all still false. Sources are public web pages plus Sahi’s own saved readings and charts. The checks test structure and arithmetic; a wrong sum blocks the edition. They do not test whether a source is genuine. The reader picture is stamped “Pre-market edition” even for a draft. It prints no source list and no times. The owner chose this because the picture is meant to be shared. Drafts stay apart in three places: the studio bar, the Output page and the site build, which never ships a draft. Today’s card was shared on purpose, as a first look.

Promise for “footer-sources” (draft wording): For a trader or a reviewer who wants to know how far to trust the page, when they reach the bottom, this helps them understand where every figure came from, whether a person reviewed it, and what the page does not claim, so they can decide how much to rely on it.

Promise for “provenance-and-status” (draft wording): For a trader or reviewer who wants to trust a figure, when they see it on the page, this helps them understand its source, the moment it was observed and whether it is current, so they can decide whether to rely on it.

Trust ·

What is decided, and what is not?

Why A proposal is not a promise.

Decided

Five-part claims
References, not resistance
The overnight cue rule
Editions written by hand
No cue times on the tiles (Decided)
No draft mark on the reader page (Decided)
The nearest expiry gets the options slot

Proposed

Headline rules (Proposed)
A pre-market checklist (Proposed)

Not decided

Publish time
Who reviews
Where the calendar comes from
Automating the charts

Speaker notes

Decided: name; main heading; five-part claims; three kinds of time; references, not resistance, unless there is evidence; missing data stays missing; editions written by hand; the overnight-cue rule. Also decided by the owner on 24 Sept: no cue times on the tiles, no draft mark on the reader page, and the nearest expiry gets the options slot. Proposed: the headline rules (kinds of day). Proposed: the pre-market checklist, whose rows still marked Not yet are FII index-futures long and short, the US 10-year yield and index heavyweights. Not decided: the publish time. It could be after Tokyo opens, or earlier with Nikkei marked as the previous close. Not decided: who reviews and what a review checks. Not decided: where the calendar comes from. Not decided: whether pictures may stand in for candles in the index blocks. Not decided: automating the charts, which are put in by hand today. Also open: the US 10-year yield, Europe and other Asian markets as cues.

Promise for “overnight-cue-rule” (draft wording): For a trader with a few minutes before 9:15 am, when they read the overnight strip, this helps them understand that every market shown has a known route to India's open and has already settled or is trading, so they can weigh each cue as a reason rather than as decoration.

Promise for “daily-line-lens” (draft wording): For a trader reading the one-sentence message of the morning, when the market has something unusual (an event, a range exit, a gap), this helps them understand that the line is about the kind of day the numbers show and claims nothing they cannot check, so they can decide how much to trust the headline.

Close ·

Does every number earn its place?

Every number answers a question a trader has before 9:15 am, or it comes off the page. Read conditions, not certainty.

`→` `Page Down` `Space`	Next slide
`←` `Page Up` `Shift`+`Space`	Previous slide
`Home` `End`	First or last slide
A number, then `Enter`	Jump to that slide (`Backspace` deletes a digit)
`g`	Ask for a slide number
`t`	Contents list
`o`	Overview of all slides
`n`	Speaker notes
`f`	Full screen
`?`	This list
`Esc`	Close the open panel

What matters before 9:15 am?

What is the one thing to know first?

Every claim has five parts.

In what order does the page read?

Which overnight markets earn a place?

Why is each cue on the page?

Where did Nifty 50 finish?

Where does Bank Nifty sit?

Where does Sensex sit?

Was the move broadly shared?

Who bought and sold in cash?

What did FIIs do in derivatives?

Where was the move concentrated?

What expires today?

How calm was options pricing?

Which charts deserve a look?

Is anything scheduled today?

Can I rely on this page?

What is decided, and what is not?

Decided

Proposed

Not decided

Does every number earn its place?

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