Pre Market Report, August 21, 2018 | Stocks and Commodities

August 21, 2018
Time: 8.15 am

Pre Market Report:

1. US markets closed slightly lower than all time high figures.
2. Asian markets are mixed.
3. Yesterday there was a report that Govt. backed Domestic Institutions bought heavily in China markets.
4. So China indices are in Green.
5. SGX Nifty opened about 20 points lower but recovered after China opened and now it is trading around 11580, almost flat.
6. FIIs have sold Cash market but DIIs continue to buy.
7. In F&O, there is not much activity.
8. Nifty 11600CE has the highest open interest now.
9. Nifty future premium also expanded.
10. Last Friday I did 11600 straddle which has given good profit.
11. Nifty 11700 Put calendar also gave good profit.
12. Nifty shot up nearly 200 points in two days and Bank Nifty nearly 500 pints.
13. We can expect some consolidation going forward.
14. Reliance, L&T, ITC all doing very well.
15. Markets are at this level despite the under performance of Infosys due to news flow.
16. Tomorrow is a trading holiday.
17. Due to Trumps comment about Interest rates, Dow future is already in slight jitter.
18. We can expect some sharp move in the last one hour of trade today.
19. Both HDFC Bank and Kotak BAnk started recovering after falling so much.
20. Bank Nifty is not likely to fall below 28000 by this week expiry.
21. I sold lot of 28000, 27900, 27800PE in weekly expiry.
22. Nifty future may trade between 11540 and 11620, relatively a small range.