Pre Market Report, January 24, 2018 | Stocks and Commodities

January 24, 2018
Time: 8.40 am

Pre Market Report:

1. US markets closed mixed.
2. Asian markets are mostly down marginally, but China is up.
3. SGX Nifty is down by 15 to 20 points.
4. Yesterday I expected consolidation but markets shot up.
5. All the option buyers are losing money very fast.
6. India VIX up by more than 15% in the last two days.
7. Can you imagine, Bank Nifty 28200CE and 25000PE are trading very actively with good premiums?
8. Those who have surplus cash now can make decent money by selling far out of money options.
9. Even 10800PE is being closed to create 11000PE and 11100PE.
10. Option sellers are so bullish.
11. In just 4 trading sessions, Sensex is up by 1000 points.
12. Both FIIs and DIIs are on the buy side. SO there is no selling from big people.
13. Bank Nifty shot up by 400 points which nobody expected.
14. PSU Banks did very well yesterday, though HDFC Bank was down.
15. There may be some volatility ahead of expiry.
16. But markets are not likely to fall much from here.
17. Metal stocks shot up yesterday.
18. Metal stocks will be in focus today also.
19. Two more exiting trading days are ahead.
20. Markets tend to be sideways in the morning and make sharp moves in the afternoon.
21. So any intraday fall, time to sell options.
22. Nifty future is likely to trade between 11040 and 11120.