Pre Market Report, September 14, 2017 | Stocks and Commodities

September 14, 2017
Time: 8.45 am

Pre Market Report:

1. US markets closed higher after a volatile trade.
2. But Asian markets are mixed.
3. SGX Nifty was volatile, traded between 10075 and 10110.
4. That is a big swing of 35 points while most markets are flat.
5. Yesterday Reliance and HDFC Bank were positive, both are index heavyweights.
6. Pharma stocks were also in demand.
7. Yesterday Nifty hit a high of 10131 while all time high is 10139.
8. So it is a matter of time we will hit a new all time high.
9. Hong Kong market is down, now a dyas SGX Nifty reacts to Hong Kong market too much.
10. Trade set up reains more or less same with FIIs selling Cash market and DIIs buying in Cash market and FIIs some sell and some buy in F&O market.
11. It is normal for people to book some profit at all time high.
12. When all time high is taken out more technical buyers will come in.
13. All these will happen if there are no bad news from North Korea.
14. North Korea news seems to be subsiding.
15. Highst open interest among Calls is at 10200 but the volume at highest open interest among Puts at 9900 is much higher.
16. People are scared of upmove than downmove.
17. Today markets may consolidate and there may be some sharp move towards the end of the day.
18. Bank Nifty weekly expiry will add to the volatility.
19. I sold 24500PE and 25100CE for weekly expiry.
20. Nifty future may trade between 10070 and 10140.