Pre Market Report, April 4, 2019 | Stocks and Commodities

April 4, 2019
Time: 7.30 am

Pre Market Report:

1. Our markets hit all time high yesterday.
2. The moment Nifty hits all time high, people have ordered cake for celebration.
3. By the time Cakes delivered, markets came under severe selling pressure.
4. Monday, in the last 90 minutes, Bank Nifty fell 400 points.
5. Tuesday, in the last 90 minutes, Bank Nifty shot up 400 points.
6. Wednesday, in the last 90 minutes, Bank Nifty fell 500 points.
7. Today? We have to wait RBI policy and how bulls or bears are going to interpret the policy.
8. Global markets are doing well as data keep coming positive from China.
9. Trade talks also seems to be entering the last phase.
10. We can expect some announcement in the next few days.
11. SGX Nifty is almost flat.
12. Yesterday, for the first time in last 4 to 5 weeks, both FIIs and DIIs have sold in Cash market.
13. Max pain for Bank Nifty weekly options is at 30300.
14. Max pain for Nifty weekly options is at 11700.
15. Markets are likely to be highly volatile ahead of RBI policy.
16. PSU Banks gave up all their gains of Tuesday.
17. Midcaps and small caps have under performed.
18. It is normal for people to book profits when Nifty hits all time high.
19. It was all time high only for Nifty, Bank Nifty is trading around 2000 points higher than all time high of 28400 last year.
20. Markets are likely to open flat, there may be some selling pressure due to FII and DII sell figures, then volatility will spike ahead of RBI policy, then markets will react to RBI policy.
21. Then later in the afternoon, expiry jitters will dominate the markets.
22. It will be difficult to predict the markets on the event days.
23. Expiry day trade is going to be difficult today.
24. I may do very little volumes today and may increase the volume towards the end.
25. Nifty future may trade between 11600 and 11800, a wide range due to RBI policy.