Pre Market Report, September 21, 2015 | Stocks and Commodities

September 21, 2015
Time: 8.05 am

Pre Market Report:

1. US markets closed drastically lower on Friday.
2. European markets also closed much lower.
3. Fed decision was not taken by the markets positively.
4. Now markets feel that the global slow down is real and it will take long time to recover.
5. So Asian markets are all falling.
6. Before Fed event, Nifty was at 7900.
7. On Friday it hit a high of 8059 but closed at 7980.
8. Today Nifty is likely to open lower than 7900, last Wednesday's close.
9. SGX Nifty is trading around 7900.
10. Only positive thing was that VIX crashed by about 18% and option premiums fell in both Call and Put options.
11. So only option sellers who dared to sell options just before such a big event made money.
12. Nifty is likely to trade between 7500 and 8100 until the end of December.
13. Nifty is expected to expire between 7800 and 8000, (last time I mentioned 7800 and 8200), given the negativity after the Fed event.
14. All my option sell ideas gave profits but option buy did not give any profit. But again as I have mentioned, option buyers should exit when opportunity comes, should not hold until maturity.
15. Today Nifty is expected to take support at 7880.
16. Resistance will be at 8000.