Pre Market Report, January 29, 2016 | Stocks and Commodities

January 29, 2016
Time: 8.45 am

Pre Market Report:

1. US markets closed positive but Europe closed negative.
2. Asian markets are mixed.
3. SGX Nifty is trading about 20 points lower.
4. ICICI will come under pressure and hence the Bank Nifty.
5. Maruti, I thought, has given good results but now I understand that their margin is under pressure and shares may not do well today.
6. People have attributed the recent fall in world markets to crude oil price crash.
7. But crude oil shot up by more than 20% in the last few days.
8. None of the markets were up even by 2%.
9. So this state of stock markets all over the world becomes 'New Normal'
10. After a huge volatile month, it looks like February will be the same.
11. Let us wait for few more days to decide the direction of the market.
12. One can sell 6800 Put option and 7800 Call option when VIX shoots up.
13. Nifty is likely to take good support at 7200 failing which it will take very good support at 6900.
14. But 6800 Put option is trading at Rs 15.
15. Yesterday the premium fell despite fall in markets as VIX came down.