Pre Market Report, Jan 22, 2021 | Stocks and Commodities

 Jan 22, 2021

Time: 8 am

Pre Market Report:

1. US markets hit another fresh all time high.
2. But Dow fell in last hour.
3. So US markets ended mixed.
4. Corporate results from US have been good.
5. Apple is up more than 3% ahead of its results.
6. Asian markets, except South Korea, are marginally down.
7. SGX Nifty opened around 14575 but now recovered about 50 points.
8. Markets all over the world are consolidating.
9. Here, Nifty made big moves on both sides, but closed almost flat.
10. In India also, so far corporate results have been good.
11. Today Reliance and JSW Steel will be in focus ahead of their results.
12. Yesterday, it was Bank Nifty that triggered panic.
13. Siince morning, HDFC Bank was weak.
14. Bank Nifty future fell 900 points from intraday high to intraday low.
15. Fire at Serum Institute triggered a mini panic in our markets.
16. Dollar index hovering around 90 is good for emerging markets.
17. Markets are waiting for some trigger for major move.
18. Budget is the next trigger for us.
19. Yesterday, IT stocks and Reliance supported the markets while Banks dragged.
20. We have only 4 more trading sessions for this series.
21. Option premiums are high.
22. Both Put and Call premiums increased yesterday, due to spike in India VIX.
23. Nifty 14000PE is trading around Rs 25, that is a good premium.
24. Nifty 14000PE has the highest open interest among Put options.
25. Nifty 15000CE has the highest Open interest among Call options.
26. FIIs have bought for about Rs 1600 crores in Cash market.
27. DIIs have sold for about Rs 1040 crores.
28. If the markets are weak until afternoon, then we can expect some sharp up move in the last one hour.
29. Today's candle may be an inside candle, as yesterday's move was a big move.
30. Nifty future may trade between yesterday's low and high.