Pre Market Report, January 30, 2020 | Stocks and Commodities

January 30, 2020
Time: 8 am

Pre Market Report:

1. US markets closed almost flat after Fed.
2. Fed was a non event.
3. Asian markets are mixed.
4. Hong Kong is struggling to stabilise after about 800 points loss yesterday.
5. SGX Nifty is almost flat.
6. Yesterday trade looked like expiry day trade.
7. Too much volatility.
8. Bajaj Finance and Bajaj FinServe came with good results and that supported the markets.
9. There is a rumor floating around that Saudi Aramco is delaying investment in Reliance.
10. That could be a reason why Reliance is met with huge selling pressure.
11. It has fallen more than 150 points from intra month high to low.
12. Today Tata Motors and Bajaj Auto will come out with results.
13. Bharti InfraTel and LIC Housing will also declare results.
14. FIIs have sold for Rs 1014 crores and DIIs have bought for Rs 1521 crores.
15. This is the first time FIIs are pumping in huge money, more than what FIIs have sold.
16. Today again markets are expected to be highly volatile.
17. Bank Nifty has been coming under selling pressure once it crosses 31000.
18. But yesterday index heavy weights HDFC Bank and Kotak Bank did very well.
19. But ICICI dragged the market, ICICI fell Rs 20 from high despite such a good result.
20. ITC was the star of the day yesterday, shot up by short covering.
21. Last two days FIIs have accelerated their selling, selling for about Rs 2500 crores.
22. Will there be short covering rally today?
23. That is a million dollar question.
24. Just 2 days ahead of budget, markets are so weak.
25. Nifty future trading at discount and Bank Nifty future trading at premium.
26. I am expecting highly volatile session, where Nifty will be trading between 12080 and 12200.
27. I have sold Nifty 12200CE, Bank Nifty 31200CE. Did not sell any Put options as markets are weak and volatile.
28. Tomorrow I will give some strategies for Budget day trade.
29. Today we have to get ride of this highly volatile expiry.
30. Any bounce, we can sell Bank Nifty 31200CE.
31. On any bounce, we can sell 12250CE in Nifty also.
32. Bank Nifty may expire between 30600 and 31100.