Pre Market Report, March 20, 2017 | Stocks and Commodities

March 20, 2017
Time: 8.35 am

Pre Market Report:

1. US markets closed lower on Friday.
2. Hence Asian markets are lackluster today.
3. SGX NIfty is also down by about 15 points.
4. As I said earlier, now all the important events are over.
5. Hence it is time for consolidation.
6. The next trigger would be RBI policy next month.
7. So for next two weeks, option sellers will be making money.
8. There will be buying if Nifty fall by 100 points and there will be selling if Nifty rises by 100 points.
9. That is my Guess for next two weeks.
10. Selling Nifty 9000 Put and 9300 Call will reward the sellers.
11. India VIX may continue to trade lower.
12. There will not any fantastic premium even in April series as there are only 18 trading sessions in April series.
13. I am planning reduce lot of positions today as my clients will have to pay lot of "Advance Tax" as thier profits are swelling.
14. Every day one Nifty stock has been rising significantly, One day Reliance, next day ITC, next day HDFC Bank and HDFC etc.
15. There is no significant unwinding of positions in Puts. That means people are convinced that matkets are not going to fall significantly.
16. So there will be stock specific movements with overall market is in Rangebound trade.
17. Today Nifty future may trade between 9120 and 9220.