Pre Market Report, May 20, 2019 | Stocks and Commodities

May 20, 2019
Time: 8.15 am

Pre Market Report:

1. Exit poll results were much better than expectation.
2. Opinion polls were divided and none gave clear majority to BJP.
3. Exit polls gave clear majority to BJP.
4. Nifty future was down by 700 points in last two weeks.
5. Reliance has corrected more than 15%.
6. This exit poll gives a perfect ground for short covering rally.
7. SGX Nifty is trading about 250 points higher.
8. India VIX is likely to crash at least by 10%.
9. Put option premiums are likely to crash.
10. Adani group stocks, Reliance, Yes Bank all likely to shoot up as there is so much of short positions in those counters.
11. Exit poll results is big relief to long term investors.
12. Had there been a hung parliament, markets would have crashed.
13. Once again this is just Exit polls.
14. In the past Exit polls have gone wrong many times.
15. So it is better to be cautious until May 23 evening.
16. If VIX crashes ahead of actual results, it will be easy to do the hedging for the portfolios.
17. Do not try to go long in the first 15 minutes, markets may come under selling pressure later.
18. Mid caps and small caps have been doing badly recently.
19. The rally may be more in that space.
20. Forgot about Global cues, FII selling, just enjoy the short covering rally.