Pre Market Report, February 8, 2017 | Stocks and Commodities

February 8, 2017
Time: 8.45 am

Pre Market Report:

1. US markets closed higher.
2. But Asian markets are all having lackluster trading.
3. SGX Nifty is down by about 20 points. Trading around 8780.
4. Yesterday FIIs have bought for Rs 201 crores in Cash market.
5. But DII buying is where I am confused. NSE data shows DIIs have bought for Rs 1620 crores. 
6. If that figure is true, then markets should not have closed weaker yesterday.
7. LIC has bought SUUTI stake if ITC for Rs 6900 crores, so that "Buy" will come under DII.
8. SUUTI sold Rs 6900 crores worth of ITC, will that come under DII sell figure?
9. If "Yes" then Rs 1690 crore DII buying is fantastic but if "No" then DIIs have actually sold for Rs 5200 crores which is a big negative.
10. Anyway we will come to know the effect only after RBI policy.
11. RBI policy will be the key event to watch today.
12. VIX in Banking stocks are likely to go down after the RBI policy.
13. I am hoping to exit my Put and Call positions in Bank Nifty after the RBI policy.
14. Outside Banking Sector, opportunity is more right now.
15. I sold BHEL Calls and Puts yesteray, after the results VIX fell and made good profit.
16. Same thing I did with PNB, also made good profits.
17. Same thing I did with Tata Steel, results came after market hours yesterday, the results were good.
18. I have sold Tata Steel 450, 440, 430 Put and 500, 510, 520 Calls.
19. Infosys shot up by Rs 20 in the last half an hour, so that stock will be in focus.
20. Bharat Forge, Cipla and NTPC are some key companies to declare results today.
21. PNB results were good and that supported PSU pack.
22. In fact, PSU Bank index was the only gainer in yesterda's trade.
23. While writing the blog, SGX Nifty shot up and now trading at 8805. Do not know the reason.
24. Option sellers should be happy at the end of the day as the key event will be over.
25. Nifty range is difficult to predict due to event risk.