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

July 25, 2017
Time: 8.55 am

Pre Market Report:

1. US markets closed mixed once again.
2. Asian markets are also mixed.
3. Yesterday our markets were firm despite weak Europe.
4. Yesterday most of the emerging markets were firm as dollar index was down.
5. Yesterday also FIIs were net buyers to the tune of Rs 1200 crores in F&O (Stock Futures and Index Futures)
6. FIIs are creating short term panic in order to close their short positions profitably.
7. But overall market set up is bullish.
8. Nifty may touch 10000 anytime, just need one or two more good corporate results.
9. Today Axis Bank results will be a key event.
10. Bank Nifty closed above 24400 while the Bank Nifty futures closed about 45 points lower.
11. Even Nift future is also trading at discount.
12. Yesterday sold Nifty 9700 Put at Rs 4 towards the end of the day.
13. Planning to sell 9800 Put today around closing time if Nifty stays above 9950.
14. Bank Nifty 24000 Put sold yesterday around Rs 25 towards the end of the day.
15. Any dip is a buying opportunity in Nifty for a target of 10000 to 10020.
16. I closed all the Call options in the current month.
17. Holding only Put options in 9800 and 9700.
18. Today Nifty may trade between 9920 and 10000.