Pre Market Report, May 15, 2017 | Stocks and Commodities

May 15, 2017,
Time: 8.45 am

Pre Market Report:

1. US markets ended mixed on Friday.
2. Friday evening, IIP and Inflation data came and both of them were very good.
3. But on Saturday there was this Cyber attack or ransomware that affected more than 100 countries.
4. Many are fearful that it may come once again today.
5. On top of that bad news, North Korea succesfully tested a missile yesterday.
6. On the positive side, monsoon hit Andaman 3 days ahead of schedule
7. Skymet, a private whether agency, predicted that monsoon will hit Kerala on June 1, which is the scheduled date with an error of one or two days.
8. So Good IIP and Inflation data and positive monsoon news on one side and North Korea missile test and ransomware on the other side, we have some good and some bad news.
9. But Asian markets are mostly not reacting to the bad news.
10. SGX Nifty is trading around 9450, about 30 points higher.
11. PSU Banks will be in focus this week as major PSU Banks are set to declare results this week.
12. We can expect Nifty to trade between 9300 and 9600 this week.
13. I have sold Put options from 9300 to 9000 and Call option at 9600.
14. Bank Nifty may out perform today.
15. Low risk people can consider selling PNB 150 Put and 200 Call.
16. High risk people can sell PNB 160 Put and 190 Call.
17. Today Nifty future may trade between 9400 and 9480.