Pre Market Report, January 21, 2019 | Stocks and Commodities

January 21, 2019
Time: 8.25 am

Pre Market Report:

1. Asian markets are generally positive.
2. China GDP data, Retail sales data came in line with expectation.
3. China IIP data came better than expected.
4. SGX Nifty is trading around 10950.
5. US and European futures turned lower as optimism fades wrt US-China Trade Talks.
6. This week Bank Nifty will be in focus.
7. Today markets will react to HDFC Bank results.
8. If SGX Nifty is any indication, HDFC Bank may open flat.
9. Kotak Bank will declare results today, do not know whether it will be out during market hours or after the market hours.
10. On Friday, both FIIs and DIIs were net sellers in CAsh market.
11. FIIs have sold for more than Rs 4000 crores in Cash market so far this month.
12. That is clearly not a good sign.
13. Since markets are in correction mode for the last 5 months, Mutual Fund inflow also going down.
14. At least this month, markets will have to break out in order to revive the confidence of retail investors.
15. Let us see whether it happens or not.
16. Many brokerages are upgrading Reliance.
17. We have to see whether Reliance crosses 1200 today.
18. Surprise selling came on last many days in Nifty as soon as markets opened.
19. The same way, one day, surprise buying will have to come for break out.
20. For many clients, I have Nifty 11000 short straddle and 10900PE & 11100CE short strangle.
21. As long as markets are consolidating, these folios will do well.
22. For few clients, I closed all Call options, sold only Put options aggressively from 11000PE to 10700PE.
23. DCB Bank will be in focus de to NSEL scam news.
24. L&T will be in focus as SEBI turned down the buy back offer.
25. Bank Nifty is likely to trade between 27000 and 28000 for next few days.
26. Nifty is likely to trade between 10880 and 10980.
27. We can expect a break out if Nifty future trades above 10980.