January 27, 2017
Time: 8.30 am
Pre Market Report:
Time: 8.30 am
Pre Market Report:
- US markets ended mixed with Dow up and Nasdaq, S&P 500 down.
- Asian markets are also mixed.
- SGX Nifty is trading around 8660 against the closing of 8613 on Wednesday afternoon.
- FIIs have bought aggressively.FIIs have bought shares worth of Rs 1378.81 crores on Wednesday.
- FIIs have also bought for Rs 567 crores in Index Futures and Rs 1441 crores in Stock Futures.
- That is a total of more than 3000 crores worth of buying.
- DIIs also bought for Rs 383 crores.
- BSE IPO over subscribed by 51 times is a good news for bulls.
- On Monday, Nifty low was 8327, I will not be surprised if Nifty closes above 8700 today.
- Huge rally in a very short span.
- Sellers of Call option would have lost huge amount of money.
- I squared up all my Bank Nifty long positions on Wednesday afternoon, instead if I had sqaured up at 3.30, I would have got atleast another Rs 20 lakhs profit.
- Just one month before, world markets were trading at 1.5 year high and we were trading at 1.5 year low just because of Demonetisation.
- Once it is proved that Demonetisation has no effect on corporate results, Nifty should be trading above 9000.
- ITC, JustDial, Tata Coffee are some key companies set to declare results today.
- ITC has shot up before the results, so markets will be watching its results keenly.
- Due to huge run up in Nifty, there may be some profit booking towards the end of the day.
- Nifty future may trade between 8620 and 8720.
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