Pre Market Report, March 18, 2019 | Stocks and Commodities

March 18, 2019
Time: 8.30 am

Pre Market Report:

1. US markets closed higher on Friday.
2. Asian markets are generally higher.
3. SGX Nifty is trading around 11515.
4. On Friday FIIs bought for Rs 4300 crores which is highest in 2019.
5. DIIs have sold for about half of that figure.
6. This huge bying comes after such a long buys for the last two weeks.
7. This shows that the trend is clearly up.
8. Any dip is a buying oppotunity.
9. This week is a truncated week.
10. Thursday is a Holiday, holiday.
11. So the weekly expiry will be on Wednesday.
12. But premiums are so high on both sides.
13. I sold Bank Nifty 29000PE at Rs 155 and it closed at Rs 75 on Friday.
14. I have sold Bank Nifty 29000, 28900, 28800, 28700, 28600, 28500PE, all naked.
15. Very rarely I take such risks.
16. I also sold 30000CE.
17. On Friday Reliance came under huge profit booking and fell from 1365 to 1325.
18. Friday's Bank Nifty move came mainly because of Kotak Bank.
19. Rupee is trading around 69 and Crude is not spiking despite positive Global markets.
20. India VIX was up by 5% but this time the fear is claerly on the upside.
21. So better be careful if you are selling naked calls.
22. Ratio spreads will work in calls.
23. I have sold Nifty 11400PE and 11300PE in weekly options.
24. Looks like another bad day for bears.
25. Nifty future may trade between 10460 and 11540.