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

April 20, 2017
Time: 8.15 am

Pre Market Report:

1. Yesterday I could not write "Pre Market Report" as I was busy with some other work.
2. But yesterday markets traded rangebound after a high volatile session the day before.
3. IndusInd Bank came with slightly lower than expected results.
4. Bank Nifty under performed Nifty yesterday after out performing for the last many days.
5. Yes Bank results came after the market hours and that seems to be good.
6. But good thing is that Asian markets are recovering and most of them trading in Green.
7. FIIs continue to sell in Cash market and they have sold for over Rs 4500 crores in the last one week.
8. But DIIs are buying aggressively.
9. Everyday one or the other stock is moving significantly higher, yesterday Sun TV was up nearly 5% in a weak market.
10. This month is a month for option sellers.
11. Nifty is trading between 9000 and 9300 and option prices keep moving lower.
12. Bank Nifty similarly trading between 21000 and 22000.
13. There was a profit of Rs 40 in just one day yesterday if you have sold Bank Nifty 21000 Put and 22000 Call the day before.
14. This is more than 3% return in just one day.
15. Today there are no important corporate results, tomorrow ACC and HDFC Bank are two key companies to declare results.
16. We can expect some short covering in the second half of the session today, if markets are lower in the morning.
17. Depending on the results of HDFC Bank and Reliance results, we can expect Nifty to move towards 9200 once again next week.
18. People are slowly forgetting Geo Political issues of Syria, Afghanistan and Nort Korea.
19. Stability is resturning to the world markets.
20. Bank Nifty will be in focus today due to weekly expiry.
21. Bank Nifty may expire between 21600 and 21700 today.
22. Yesterday I sold Bank Nifty 21900 Call at Rs 5 and 22000 Call at Rs 2.50 after 3.15 pm.
23. Surplus cash in all the accounts is used to create this position which is expected to give good brokerage amount to broker and good return for clients also.
24. Housing Finance companies are doing very well.
25. Nifty future is expected to trade between 9090 and 9180.