Pre Market Report, December 11, 2017 | Stocks and Commodities

December 11, 2017
Time: 8.30 am

Pre Market Report:

1. World markets are positive today.
2. SGX Nifty is also up by about 15 to 20 points.
3. This week is going to be very important for two reasons. One US Fed policy which is going to be a non event and the second one is Gujarat and HP Exit poll results.
4. Gujarat elections, first phase is over.
5. As per some reports, BJP has done very well.
6. Exit poll results will be available to public only on Thursday evening.
7. But some influential people will have access to it by now.
8. But again, since only half the constituencies have gone for polls, they will also have exit poll results only for half.
9. This may be reflected in the markets for the next three days.
10. Anyway Global cues are also good.
11. If Nifty future crosses 10320, then the momentum will pick up, 10380 may be the target before exit poll results.
12. If Nifty future crosses 10320, then I am planning to cut lot of my positions and move to February series.
13. Markets are likely to move violently on Friday and Monday, it is better to sell far away options and that is possible only in February series.
14. I am planning to buy 10000PE and sell 9800 and below PEs. Also planning to buy 10600CE and sell 10800 and above CEs.
15. Surplus Cash will be deployed only in weekly Bank Nifty options so that positions can be closed before the exit poll results.
16. I sold 25000, 24900, 24800. 24700 and 24600PE in Bank Nifty as I am taking bullish view in Bank Nifty.
17. My calculation has gone right, the premiums are likely to fall today so that I can keep stopl losses comfortably.
18. So in short, I am investing for very short term, planning to exit all positions by Thursday and move the positions to February series.
19. Next step will be decided only after Election results are completely factored into the the prices.
20. Since markets have been in consolidation mode for the last four months, markets can move significantly higher, if BJP does well in Gujarat.
21. So be ready for some surprises this week.
22. Today Nifty future may trade between 10280 and 10380.