Pre Market Report, May 4, 2017 | Stocks and Commodities

May 4, 2017
Time: 8.30 am

Pre Market Report:

1. US markets ended mixed after hawkish comment by US Fed.
2. Asian markets are mostly lower marginally.
3. SGX Nifty is almost flat.
4. Yesterday, ICICI Bank came out with results after the market hours.
5. Profit is in line with expectation, Net Interest Income was higher than expected, NPA was higher than expected due to one NPA which is more than 5000 crore.
6. Bonus announcement was a surprise, though it means nothing materially.
7. ICICI Bank shot up by more than 4% in US.
8. Due to general weakness, ICICI Bank may open between 280 and 285.
9. I bought ICICI Bank 2 lots at Rs 274.25 and sold 275 Call at Rs 9.
10. For another client, sold both 275 Call and Put at a combined premium of Rs 18.
11. For another client I sold 250 Put and 300 Call.
12. It seems that I will be making money in all three strategies today.
13. Yesterday, Nifty traded within the previous day's range.
14. Nifty future is struck between 9300 and 9400.
15. Despite the weakness in Nifty, yesterday 9300 Put added 6.3 lakh shares in open interest.
16. Nifty 9400 Call also added 4.8 lakhs in open interest.
17. Most people expect Nifty to trade sideways for next few days.
18. Today Bank Nifty may out perform due to ICICI Bank.
19. Today HDFC will be in focus ahead of its results.
20. Today Nifty future may trade between 9290 and 9390.