Pre Market Report, June 4, 2018 | Stocks and Commodities

June 4, 2018
Time: 8.45 am

Pre Market Report:

1. Asian markets are higher.
2. SGX Nifty is higher by about 50 points.
3. HDFC Bank will be in focus today.
4. FIIs are allowed to buy 4.3 crore shares today.
5. That may translate into Rs 8000 crore worth of buying in HDFC Bank.
6. People say it is likely to go higher by 5% by the end of the day.
7. In that case, Bank Nifty and Nifty also will go up.
8. Monsoon progress has been good.
9. Auto sales numbers were good.
10. In fact Auto index was the only index that ended in Green on Friday.
11. Later in the week RBI policy will also be in the focus.
12. FII selling is not that aggressive.
13. DIIs continue to buy.
14. Markets may be in consolidation mode until RBI policy on June 6.
15. Nifty 10200PE has the highest open interest among Puts.
16. Last Friday I sold lot of puts at Rs 30.
17. Waiting for HDFC Bank FII buying to be fully factored in before selling any Calls.
18. I may sell 10000PE today if there is any intraday dip towards 10680.
19. Bank Nifty 25000PE can be sold with some hedging.
20. Dare devils can consider selling 27000 straddle.
21. Nifty future may trade between 10680 and 10800.