Pre Market Report, October 26, 2018 | Stocks and Commodities

October 26, 2018
Time: 8.45 am

Pre Market Report:

1. One of the worst expiries ended yesterday.
2. September and October expiry, Nifty lost nearly 1700 points.
3. Yesterday US markets were up.
4. But Asian markets are down.
5. US futures are also down.
6. SGX Nifty is trading about 70 points lower.
7. In October whatever strategies I shared in Twitter ended with good profits.
8. One big thing in October series is that Bank Nifty hugely out performed Nifty.
9. When Nifty fell about 9% Bank Nifty did not even fall 2%.
10. For November series, Nifty 10000PE has the highest open interest.
11. But November is a 5 week series with lot of coporate results in the first two weeks.
12. Markets are likely to be volatile this month also.
13. If Nifty trades around 10200, short straddle at 10200 is a good idea.
14. If VIX goes up slightly higher, we can get about 500 premium.
15. So the breakeven on the downside will be at 9700 and on the upside it will be 10700.
16. Nifty is likely to trade in this range only for November series.
17. ICICI Bank will be in focus ahead of its results today.
18. It will be interesting to see how Banks perform today.
19. Keep hedged completely on the downside.
20. Nifty future is likely to take support at 10080.