Pre Market Report, January 18, 2018 | Stocks and Commodities

January 18, 2018
Time: 8.15 am

Pre Market Report:

1. US markets shot up to close at another record high.
2. Asian markets are mostly higher.
3. SGX Nifty is trading about 40 points higher.
4. FIIs turned bullish and they are net buyers in Cash as well as F&O.
5. DIIs are also net buyers in Cash market.
6. Govt. reducing the borrowing news triggered short covering in PSU Banks.
7. SBI shot up 6% from intraday low.
8. Many private sector banks also broke out.
9. We are entering into a crucial period of results season.
10. Yes Bank and Bharti will declare results today.
11. HUL came with very good set of numbers yesterday.
12. So people will assume ITC will also do well.
13. ITC, HDFC Bank, Reliance, three index heavy weights will declare results tomorrow.
14. We can expect Nifty to touch 11,000 if these corporate results are good.
15. Bank Nifty shot up 400 points from intraday low.
16. Nifty 10700PE added more than 23 lakh shares in open interest.
17. Today I am also planning to sell 10700PE, 10600PE and 10500PE.
18. Volatility is likely to increase in the next few days as we are approaching budget.
19. Since yesterday Nifty and Bank Nifty closed at the highest point of the day, the momentum is likely to continue.
20. After a gap up open, if Nifty or Bank Nifty comes closer to yesterday's close, then that is the time to go long or sell put options.
21. Nifty future is likely to trade between 10780 and 10880.