Pre Market Report, December 29, 2017 | Stocks and Commodities

December 29, 2017
Time: 9 am

Pre Market Report:

1. US markets closed higher.
2. Most Asian markets are higher.
3. But the volume is less everywhere.
4. But our market surprise everyone.
5. Volume was high and movement is also violent to some extent.
6. Surprisingly FIIs have bought for more than Rs 500 crores and DIIs have sold for more than Rs 500 crores.
7. Bank Nifty closed at the lowest point of the day.
8. There is nothing much to write as we are going to the last trading day of the year.
9. Yesterday Bank Nifty LTP was 24424 and last half an hour weighted average price was 24490.
10. This means Bank Nifty fell more than 130 points in the last half an hour.
11. Many people who bought 24500PE were happy without knowing that they have lost everything.
12. They started shouting in social media that there is some cheating.
13. Though Bank Nity LTP was 24424, the actual closing price is taken as 24490, so 24500PE holders, if they have not squared off their positions, will be eligible to get only Rs 10 per share, Rs 400 per lot, if they exercise, but the higher STT will be more than Rs 1000 rupees, effectively losing money from their pocket.
14. So these people were not able to exercise. This is the problem in buying of options in the last hour.
15. Nifty is likely to trade range bound with plus or minus 40 points today.