Pre Market Report, April 20, 2018 | Stocks and Commodities

April 20, 2018
Time: 9 am

Pre Market Report:

1. US markets closed lower.
2. Apple fell due to warning by chip makers that the demand for smart phones is not good.
3. Asian markets are mostly trading with negative bias.
4. SGX Nifty is also down by 40 points.
5. IndusInd bank NPA was a disappointing factor yesterday.
6. So Bank Nifty under performed for the last two days.
7. TCS has come out with very good results and declared 1:1 bonus which is sentimentally positive.
8. FIIs ciontinue to sell in Cash market and DII continue to buy in Cash market.
9. FIIs are taking bullish view in F&O.
10. Markets may open gap down but I expect markets to recover later.
11. HDFC Bank will be in focus ahead of its results tomorrow.
12. Non banking stocks are doing better than banking stocks.
13. ITC particularly looks very bullish.
14. ICICI Bank is also resilient.
15. The period of high volatility seems to be over.
16. India VIX again has come below 14 which is a good sign.
17. SO far there is no big positive surprise in corporate results.
18. HDFC Bank result may change that.
19. The real action will be in May as very few companies declare results in this month.
20. Even Reliance has not declared the results date so far, usually it comes in April.
21. Nifty future may trade in the range 10520 to 10620.