Pre Market Report, October 13, 2017 | Stocks and Commodities

October 13, 2017
Time: 8.40 am

Pre Market Report:

1. I could not write "Pre Market Report" yesterday due to some personal work.
2. Day before yesterday our markets fell for no reason.
3. Even FIIs did not sell much on that day.
4. It was just a normal profit booking ahead of results season.
5. But the speed with which markets fell, most people were scared.
6. India VIX also shot up.
7. But yesterday everything reversed after IndusINd Bank results.
8. TCS results were good.
9. Earning season started with some optimism.
10. Reliance will declare resulst today, yesterday Reliance hit all time high.
11. Nifty 10000PE added more than 10 lakh shares in open interest yesterday.
12. Despite huge fall of 400 points in Bank Nifty day before yesterday, highest open interest among Bank Nifty puts stayed at 24500PE.
13. That showed the confidence of Put writers at 24500.
14. That has been shown as the right decision now.
15. Nifty future may trade between 10080 and 10180.