Pre Market Report, November 25, 2016 | Stocks and Commodities

November 25, 2016
Time: 9 am

Pre Market Report:

1. Yesterday, expiry day trade was very volatile.
2. Nifty shot up from 2.30 to 3.00 pm only to fall suddenly from 3.00 to 3.30 pm.
3. But one consolation is that the Nifty did not close at the lowest point of the series.
4. Today Nifty future December series will once again start above 8000.
5. Sice yesterday US markets were closed, there is no big global cues.
6. Dollar index has inched down, so many Asian markets are slightly higher.
7. There is no point in talking about global cues as we have been moving in the opposite direction for the last many days.
8. FIIs have sold for more than 2500 crores in CAsh market yesterday.
9. So FII selling has not subsided.
10. So it is time to be cautious.
11. December series had little rollovers.
12. Option premiums are much lower compared to previous months.
13. On a contra view, the stage is set for a big upmove.
14. Whether it is going to happen or not is a billion dollar question.
15. As long as nifty future holds 7980, we can expect markets to stabilise and can expect some recovery.
16. Markets will continue to be volatile.
17. I expect markets to be volatile between 7800 and 8200 for next one week.
18. Better not to have any positions in December.
19. One can consider selling Put options in January contract, 7500 and below strikes.