Pre Market Report, July 12, 2019 | Stocks and Commodities

July 12, 2019
Time: 9 am

Pre Market Report:

1. US markets closed mixed.
2. Trump Tweet is the reason.
3. Trump tweeted by saying China is letting down US by not buying enough agricultural products.
4. Asian markets are mixed.
5. SGX Nifty is slightly down.
6. FIIs have sold for Rs 317 crores in Cash market.
7. They keep selling since budget.
8. But the quantum of selling is not much.
9. But DIIs keep buying more than what FIIs selling since budget.
10. DIIs have bought for Rs 720 crores in Cash market yesterday.
11. Yesterday markets traded as per expectation.
12. There was no volatility due to expiry.
13. India VIX closed 12.47.
14. It crashed by 8.54% which is a big surprise.
15. This kind of crash in VIX usually happens after big events.
16. Probably Fed Chairman's testimony the day before was that event.
17. After a long time, Auto index was the major gainer.
18. The data from Tata Motors triggered some short covering in Auto Stocks.
19. Today the focus will turn to Banking Stocks due to IndusInd Bank.
20. Yesterday IndusInd Bank was up by about 4% due to short covering.
21. IndusInd Bank 1520 short straddle was trading around Rs 100.
22. I sold it, as long as IndusInd Bank not moving more than 100 Rupees, I will be making some profits due to crash in Implied Volatility.
23. Due to some personal reasons (gently say like this if I wake up late, Lazy guy), today's blog delayed.
24. Let us see how Banking and Autos move today.
25. Nifty future may trade between 11520 and 11640.