Pre Market Report, September 28, 2018 | Stocks and Commodities

September 28, 2018
Time: 9 am

Pre Market Report:

1. US markets closed marginally higher.
2. Most of Asian markets are also marginally higher.
3. SGX Nifty is higher by 40 points.
4. Thank GOD, September series has come to an end.
5. Every day Nifty moved more than 100 point and some times 200, 300 and even 500 points intraday.
6. Bank Nifty has fallen nearly 4000 points.
7. Maximum pain was in NBFC space where even bluest of blue chip stocks have fallen by 20, 30, 40%.
8. Housing Finance stocks have crashed like anything, DHFL being the worst hit.
9. Yesterday markets closed at the lower end of the expected range.
10. Surprisingly FIIs were net buyers yesterday.
11. Markets are extremely over sold and we can expect some bounce in this series.
12. That is why Nifty 11000PE has the highest open interest in October while Nifty 11500CE has the highest open interest among Calls.
13. I am planning to sell Call options starting from 11500 to 12000.
14. Put option, I am planning to buy 10800PE, then sell 10500, 10400, 10300, 10200PEs.
15. I am expecting the range of 10500 to 11600 for October series.