Pre Market Report, January 7, 2018 | Stocks and Commodities

January 7, 2018
Time: 8.20 am

Pre Market Report:

1. US markets shot up on Friday on US-China trade talk and Powell comment about future rate hike.
2. Indian ADRs up significantly.
3. Tata Motors ADR up 7% and Vednata ADR up 6%.
4. We did wll on Friday also but the trade was hugely volatile.
5. This week is very important for our markets.
6. IndusInd Bank, TCS, Infosys are set to declare results this week.
7. IIP data will come after markets close on Friday.
8. Huge volatility on Friday, in my opinion, Nifty has made bottom for short term.
9. I sold 10000PE in February and 10200PE in January.
10. Nifty future has been consolidating between 10900 and 11000.
11. Suddenly fell to a low of 10678, but today it may again come back to the zone of 10900 - 11000.
12. This time Banking stocks are leading while Auto stocks are lagging.
13. China cutting CRR is also helping Asian markets.
14. Not all good positive, Govt seems to be working out a package for farmers which may not be taken positively by the market.
15. Auto stocks multi year bull run seems to be coming to an end.
16. Private sector banks have the steam to propell further higher.
17. SGX Nifty is trading around 10890.
18. No significant activity in Cash market so far by both Foreign and Domestic Institutions.
19. Any intraday dip, we can sell 10400 and below Put options.
20. Nifty future may trade between 10820 and 10920.
21. I am planning to sell 10400PE if Nifty fture falls towards 10820 and planning to sell 11300CE if it rises towards 10920.