Pre Market Report, April 30, 2018 | Stocks and Commodities

April 30, 2018
Time: 8.35 am

Pre Market Report:

1. US markets closed almost flat after a volatile session.
2. Asian markets are mostly in Green.
3. South Korea and Hong Kong are particularly good after North Korea news and China Manufacturing and Services PMI data.
4. China Manufacturing as well as Services PMI came better than expected.
5. After this news Hong Seng shot up by about 500 points.
6. We are beginning the may series with a bullish view.
7. Nifty 10500PE has the highest open interest among Puts.
8. Nifty 11000CE has the highest open interest among Calls.
9. Bank Nifty, in just one day, wiped out all the losses made in the last two weeks.
10. HDFC and Kotak Bank will be in Focus.
11. Both companies are likely to declare results during the market hours.
12. Reliance will also be in focus after its results on Friday evening.
13. Crude prices are inching down.
14. That is a good news for Auto stocks.
15. Tata Motors look good for long term investment.
16. Planning to do some strategy in Kotak bank and HDFC bank.
17. Fed meeting, US jobs data, Apple results on Tuesday are the key global events to watch this week.
18. Otherwise usual data like monthly Auto sales, Cement sales data, Manufacturing and Services PMI data from India will decide the direction of the market.
19. Long term bear sectors like IT and Pharma started doing well.
20. So markets may continue to be bullish for the next few months.
21. Today Nifty future may trade between 10680 and 10780.