Pre Market Report, April 28, 2017 | Stocks and Commodities

April 28, 2017
Time: 8.45 am

Pre Market Report:

1. US markets closed marginally lower.May series is a weak series.
2. Asian markets are mixed.
3. SGX Nifty is trading slightly higher, up by about 10 points.
4. Usually May series is a weak series.
5. "Sell everything in May and go away" is a famous quote in US.
6. India VIX is near all time low.
7. Option premiums are very low.
8. Selling options is not a good idea.
9. I expect Nifty to trade between 9200 and 9600 in May series.
10. Bank Nifty looks more bullish than Nifty.
11. FIIs are still selling in Cash market.
12. Markets may consolidate for next few days.
13. Today Nifty future may trade between 9320 and 9420.
14. We can expect some sharp move towards the end of the day.
15. In the morning, markets will be trading sideways.
16. Open interest in Nifty is very low and in Bank Nifty is very high.
17. So Bank Nifty may continue to out perform.