Pre Market Report, September 20, 2017 | Stocks and Commodities

September 20, 2017
Time: 8.50 am

Pre Market Report:

1. US makets closed at all time high for 41st time this year.
2. But Asian markets are mixed.
3. Trump sppech at UN stunned many analysts.
4. He said, "America may have to destroy the whole of North Korea" and "Kim, the Rocket man, is on on a suicidal mission for himself and his regime"
5. But American markets did not react, neither North Korea until now.
6. This kind of stern warning is required to tame North Korea.
7. Reduction of IUC (Interconnect Usage Charges) by TRAI is a good news for Reliance and bad news for Bharti Airtel and Idea.
8. We can expect Reliance to support the Nifty today.
9. Resumption of processing of premium H1B visa by US is a good news for IT stocks.
10. In the morning trade SGX Nifty fell below 10100 in a small panic sell but now trading around 10160.
11. Markets are likely to consolidate today also ahead of US Fed announcement.
12. US Fed meeting is likely to be a non event this time also.
13. Fed is not likely to hike rate this time, they may indicate December hike.
14. ICICI will be in focus as ICICI Lombard issue sailed through.
15. SBI Life subscription will be watched keenly.
16. Now it is time for Option Sellers to eat the premium.
17. We can see some action from tomorrow.
18. Yesterday FII selling of more than Rs 1700 crores in Cash and more than Rs 1000 crores in Index futures may limit the upside.
19. But this kind of shorting will also aid the short covering rally at some point.
20. Nifty future may trade between 10120 and 10200.
21. Yesterday was a small range day, today also it may be the same.