Pre Market Report, August 27, 2018 | Stocks and Commodities

August 27, 2018
Time: 8.40 am

Pre Market Report:

1. Asian markets are mostly in green.
2. SGX Nifty is up nearly 50 points.
3. Crude is consolidating around US$75.
4. Our markets came under pressure last Friday.
5. Both Thursday and Friday, it was Bank Nifty that dragged the markets down.
6. If we remove banking Stocks, our markets were in Green only.
7. Hong Kong market is up by over 400 points today.
8. European and US futures are higher.
9. US-Mexico trade agreement is likely to lift the sentiment towards positive side acros the Globe.
10. US is in the longest bull run in the History of US market.
11. Remember everyone was telling if Trump wins markets will crash all over the world in 2016.
12. Same here also, every analyst was telling due to three state elections in November and Parliament election is 2019, our markets will be under pressure.
13. But our markets keep rising.
14. Bank Nifty has fallen more than 400 points in the last two trading sessions.
15. So we can expect Bank Nifty to out perform today.
16. HDFC Bank ADR was up by nealy 1% in US on Friday.
17. HDFC Bank moving 1% can move Bank Nifty by 200 points.
18. On Friday all PSU Banks did well except SBI.
19. If SBI also moves, then Bank Nifty will do very well.
20. I have sold Bank Nifty 27500PE and 28400CE and 28500CE.
21. India VIX may fall and Option premiums may fall as there are only 4 more trading days.
22. I am planning to sell 11400PE and 11500PE at the opening itself.
23. We can expect Nifty to consolidate between 11550 and 11700 this week.
24. Today Nifty future may trade between 11580 and 11660.
25. Reliance, IT, Pharma, FMCG will be in focus.
26. Auro Pharma is doing really very well. I sold 680, 670, 660, 650, 640, 630, 620, 610, 600PE.
27. Once I am convinced about the trend, I sell options aggressively.