Pre Market Report, April 25, 2017 | Stocks and Commodities

April 25, 2017
Time: 8.55 am

Pre Market Report:

1. US markets closed higher.
2. Asian markets are all higher.
3. SGX Nifty is higher by about 30 points.
4. Yesterday evening, Reliance came out with excellent results.
5. Today Reliance is likely to open at least 2% higher.
6. Since Reliance is a index heavy weight, market is likely to be firm.
7. This is a classical bull run where IT and Pharma, defensive sectors, trading at 52 week lows while other sectores like Energy and Banking, Autos, trading at 52 week highs.
8. Bank Nifty is looking very firm, so I sold 21500, 21400, 21300, 21200, 21100 and 21000 Put option yesterday.
9. The premiums have come down yesterday itself and today it is likely to fall further.
10. There will be only two days after today, as long as there is no big gap down, I will be able to put stop loss for all the positions.
11. In addition, I also sold Nifty 9000 Put option.
12. Nifty 9000 Put will give about 1.5% return in just 3 days and that is a good return.
13. Since yesterday Nifty future closed around 9240. even Nifty falls 80 points a day, still Nifty will not expire below 9000.
14. Today Bank Nifty will be slightly volatile as Axis Bank declares results.
15. For some high risk clients, I sold Bank Nifty 21900, 21800, 21700, 21600 Puts also.
16. Today if Bank Nifty trades closer to 22000, then I am planning to sell May expiry 22000 Put and Call (straddle).
17. If Nifty crosses all time high, then more bullishness will be expected.
18. At the same time, May is sually a bear month.
19. We can expect some profit booking in May.
20. Due to many crporate results, volatility will also continue.
21. Today Nifty future may take support at 9200.
22. Resistance may be at 9280.
23. Any intrday dip, one can sell 9150 Put or 9000 Put.
24. Yesterday I made more than Rs 25 Lakhs profit.
25. Yesterday my volume was more than 5000 lots in Nifty and Bank Nifty.