Pre Market Report, December 18, 2017 | Stocks and Commodities

December 18, 2017
Time: 8.10 am

Pre Market Report:

1. Today it is all about Gujarat and HP election results.
2. So there is nothing much to write.
3. General expectation is that if BJP loses, markets may fall to 2 to 3% today and 5 to 10% in the next few weeks.
4. If BJP wins with good margin, markets will test all time high in a day or two and then will march towards 11000 in the next few weeks.
5. Today markets are likely to be highly volatle.
6. At higher levels there will be some aggressive profit booking.
7. The strategy is to sell put options aggressively if BJP wins and sell call options if BJP loses.
8. I have cut 80% of my positions on Friday.
9. I just have only 20% of the positions and will decide to take positions after the results are factored in.
10. If BJP wins with clear majority, then on every intraday dip, I will sell Put options. There will be some intraday dips.
11. Opposite will be the case if BJP loses.
12. Personally I want BJP to win as I have invested lot of money in Mutual Funds.
13. Lets us see what happens.
14. Be ready for a roller coaster ride.
15. As long as Nifty is trading above 10320, I will look to sell 10000PE.