Pre Market Report, April 15, 2019 | Stocks and Commodities

April 15, 2019
Time: 8.45 am

Pre Market Report:

1. US markets closed higher after some good corporate results.
2. China data that came over the weekend were good.
3. So Asian markets are up.
4. But after Friday's market close, IIP and Inflation data came, both were slightly disappointing.
5. Infosys results were not good and ADR is down by about 4%.
6. But TCS results were good.
7. So overall impact may not be bad.
8. I have sold Infy 700PE and 840CE.
9. TCS I sold 1900PE and 2300CE.
10. Looking to make some good profits.
11. Now SGX Nifty is almost flat.
12. LAst Monday, Nifty spot swung between 11710 and 11549.
13. For the rest of the week Nifty was trading within this range only.
14. Looks like it will be trading in the same range today also.
15. But some stocks are picking up.
16. Though Nifty was trading within a range Auto stocks have shot up.
17. Friday ITC broke out.
18. I sold ITC 300PE and 290PE.
19. Sectoral rotation seems to be happening.
20. Markets need a trigger to break out or breakdown.
21. Firday's corporate results, IIP data, Inflation data, I thought, will make markets move.
22. But it does not seems to happen.
23. Then the next trigger is Reliance results on Thursday.
24. This week has only 3 trading sessions.
25. So theta decay will be in favour of sellers.
26. Let us what happens.
27. Today Nifty future may trade between 11620 and 11720.