Pre Market Report, December 12, 2017 | Stocks and Commodities

December 12, 2017
Time: 8.40 am

Pre Market Report:

1. US markets closed at record high once again.
2. But Asian markets are muted.
3. SGX Nifty is down by about 10 points.
4. Crude crossing US$65 is not a good news for us.
5. Three days of significant rise from the lows for Nifty.
6. So it may consolidate for next two to three days.
7. That may be "Calm before Storm".
8. FII selling slowed down, they have sold only for about Rs 100 crores in Cash market.
9. In F&O also, there is no shorting.
10. The way markets moved shows that market believes that BJP will do well in Gujarat.
11. In the beginning of this month, I said Nifty may be trading between 10000 and 10500, so far that is happening.
12. Today US Fed meeting starts, IIP and CPI Inflation data will be out today evening.
13. So markets may be little bit jittery towards the end of the day.
14. I am slowly closing my positions in this month and moving to February series.
15. Yesterday I sold February series 9800, 9700, 9600, 9500PEs and bought 10000PE.
16. If Nifty future crosses, I am planning to buy 10600CE and sell 10800, 10900, 11000CEs.
17. This will protect me from huge swings just after the eklction results.
18. I also sold 8500PE in Dec. 2018. If Nifty makes a significant move after election results, say 300 to 400 points, then I will sell 12500CE.
19. They are long term trades. These trades will make money slowly and the money can be released at any time.
20. In weekly options, I sold Bank Nifty 25000, 24900, 24800, 24700 and 24600PE, all sitting with good profits.
21. I do not expect Bank Nifty to expire below 25000 this Thursday.
22. I have sold some 25800CE also.
23. After 3 days of action packed trading, today may be a boring day.
24. Nifty future may trade between 10300 and 10380.