Pre Market Report, Januray 31, 2018 | Stocks and Commodities

Januray 31, 2018
Time: 8.45 am

Pre Market Report:

1. US markets fell for second day.
2. Dow fell more than 200 points, worst fall in last 8 months.
3. This is the first time US markets going for Fed event with some negativity.
4. But Asian markets are not that negative.
5. Japan did not fall due to strong economic news.
6. China Manufacturing PMI came lower than expected but still in Expansion mode.
7. We may follow Global cues in the morning but afternoon may spring some surprises.
8. Various sources say there will be Long Term Capital Gain Tax.
9. But some reports suggest that STT will be removed.
10. If STT is removed then the reaction may not be bad.
11. I strongly believe, Govt will not do anything to affect the markets drastically.
12. This is the last Full budget and Govt needs to raise more money from markets during the next one year.
13. That is possible only if markets are good.
14. Let us see what happens tomorrow.
15. Today ICICI Bank (after Market hours), L&T, NTPC will declare results.
16. India VIX crashed by more than 8% yesterday.
17. When Nifty fell 80 points, put options also fell.
18. Put options fell, call options fell more drastically.
19. It will be interesting to watch India VIX ahead of two key events, Fed and Budget.
20. Nifty future may take support at 11000. Resistance may come at yesterday's high.