Pre Market Report, January 27, 2017 | Stocks and Commodities

January 27, 2017
Time: 8.30 am

Pre Market Report:

1. US markets ended mixed with Dow up and Nasdaq, S&P 500 down.
2. Asian markets are also mixed.
3. SGX Nifty is trading around 8660 against the closing of 8613 on Wednesday afternoon.
4. FIIs have bought aggressively.FIIs have bought shares worth of Rs 1378.81 crores on Wednesday.
5. FIIs have also bought for Rs 567 crores in Index Futures and Rs 1441 crores in Stock Futures.
6. That is a total of more than 3000 crores worth of buying.
7. DIIs also bought for Rs 383 crores.
8. BSE IPO over subscribed by 51 times is a good news for bulls.
9. On Monday, Nifty low was 8327, I will not be surprised if Nifty closes above 8700 today.
10. Huge rally in a very short span.
11. Sellers of Call option would have lost huge amount of money.
12. 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.
13. 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.
14. Once it is proved that Demonetisation has no effect on corporate results, Nifty should be trading above 9000.
15. ITC, JustDial, Tata Coffee are some key companies set to declare results today.
16. ITC has shot up before the results, so markets will be watching its results keenly.
17. Due to huge run up in Nifty, there may be some profit booking towards the end of the day.
18. Nifty future may trade between 8620 and 8720.