Pre Market Report, March 27, 2019 | Stocks and Commodities

March 27, 2019
Time: 8.25 am

Pre Market Report:

1. US markets shot up.
2. Now every one has forgotten the yield inversion.
3. Asian markets are mixed.
4. SGX Nifty is slightly down.
5. Yesterday last 90 minutes rally was due to short covering.
6. Markets may consolidate at least in the morning.
7. Bank Nifty swung 1700 in 3 days and Nifty about 500 points.
8. This has happened in the last week of the expiry, many option writers would have lost heavily.
9. Luckily I closed most of my positions in the morning (yesterday blog point number 23, 24).
10. Still few accounts met with significant loss.
11. The talk of the town is initial margin increase for Bank Nifty.
12. We need to see how Bank Nifty reacts to this.
13. In my opinion, there may not be any significant change.
14. Future premiums may fall as we are closer to expiry.
15. Reliance took support around 1320 two times in this month.
16. HDFC under performed yesterday.
17. REC making big moves.
18. Reliance, Kotak, HDFC, PFC, REC are key stocks to watch today.
19. One can try Nifty short straddle at 11500.
20. Nifty fture may trade between 10450 and 10550.