Pre Market Report, April 26, 2018 | Stocks and Commodities

April 26, 2018
Time: 8.40 am

Pre Market Report:

1. US markets closed in Green after a huge volatile session.
2. But Asian markets are not following US.
3. Hong Kong and China are down.
4. SGX Nifty is also down by about 20 points.
5. Crude refuses to come down.
6. Indian Rupee keep depreciating.
7. Nifty has been trading in a range of 10500-10620 for the last two weeks.
8. Just now while writing this blog, I am watching CNBC Asia.
9. All the experts are saying markets will go down.
10. Probably the best reason for market break out.
11. Markets will make every one to feel that it will not go up, only then it will go up.
12. That is because, by its nature, markets are designed to reward minority people.
13. I sold huge amount of 10400PE and 10450PE.
14. I have also sold 10700CE.
15. Though SGX Nifty is showing about 20 points lower, we may not follow SGX Nifty at the opening.
16. FII selling also seems to have slowed down.
17. Reliance, Maruti, Axis Bank, Yes Bank will be in focus.
18. Bank Nifty will be in focus due to expiry and corporate results.
19. Overall this expiry is going to be very choppy.
20. Still I am expecting good expiry.
21. Nifty future may trade between 10500 and 10620, the same range I have been mentioning for the last two weeks.