Pre Market Report, April 9, 2019 | Stocks and Commodities

April 9, 2019
Time: 8.10 am

Pre Market Report:

1. US markets ended mixed.
2. Dow down due to Boeing problem.
3. Asian markets are also mixed.
4. SGX Nifty is trading flat with positive bias.
5. Suddenly things are looking slightly bad for India.
6. Crude is higher due to Libya problem.
7. Rupee also depreciated.
8. All sectoral indices fell except IT index yesterday.
9. Nifty fell nearly 160 points from intraday high and Bank Nifty fell nearly 500 points.
10. But towards the end there was some recovery.
11. BJP manifesto triggered a sell off in PSU Banks.
12. Rs 1 lakh interest free loan to farmers may not be a good news for PSU Banks.
13. The sell off was significant in the last few weeks.
14. Reliance and other heavy weights also fell.
15. But both Infosys and TCS supported markets from collapsing.
16. Bot Infosys and TCS are looking bullish, Call premiums are higher than Put premiums.
17. That too, it is happening ahead of their results Friday.
18. I am planning to sell Infosys 840CE and TCS 2300CE.
19. We can expect choppy markets for next few days and then from next week, corporate results will set the trend.
20. Nifty future may trade within yesterday's range of 11620 and 11780.