Pre Market Report, January 15, 2018 | Stocks and Commodities

January 15, 2018
Time: 8.20 am

Pre Market Report:

1. Dream run continues in US and US markets hit another record on Friday.
2. Asian markets are mostly higher.
3. SGX Nifty is trading above 10720.
4. IndusInd Bank result came, shares were down, yet market was up. Then TCS results came, shares were down, but market was up.
5. Now Infosys results have come, Infosys ADR is down by more than 2% but SGX Nifty is up.
6. IIP data came at 8.4% an excellent figure but may be due to low base effect.
7. Remember, last year, due to demonetisation, the data was not good.
8. Inflation is higher at 5.21% but within the RBI range of 2% to 6%.
9. HDFC may be in focus due to fund rising program.
10. Nifty 10700PE added more than 10 lakh shares in open interest.
11. Market set up is too bullish, any intraday fall is being arrested quickly.
12. On Friday when markets fell intraday, I sold lot of 10300, 10200 and 10100PE.
13. Also sold 25200 and 25000PE in weekly options in Bank Nifty.
14. In Infosys, bought 1 lot of 1020, sold 2 lots of 1000PE, 980PE and 960PE.
15. Also bought 1 lot of 1140 and sold 2 lots of 1160, 1180, 1200CE.
16. Usually I do this strategy in high volatile stocks.
17. Markets may consolidate at higher levels for the next few days.
18. Next trigger may come from corporate results from Yes Bank, Bharti, HDFC bank, Reliance and Kotak Bank, all set to declare results this week.
19. When markets fell on Friday I went long in Nifty 1200 quantity and sold 600 quantity 10700CE and 600 quantity 10800CE.
20. January trend is very clearly bullish. So on every intraday dip, one can sell put options.
21. Many stocks are breaking out of long term consolidation range.
22. Nifty future may trade between 10660 and 10760.