Pre Market Report, January 1, 2018 | Stocks and Commodities

January 1, 2018
Time: 9 am

Pre Market Report:

1. Wishing all the readers "HAPPY NEW YEAR".
2. For stock markets traders, today may not be really a happy day as most of the world markets are closed, but we are open.
3. In the last two trading sessions of 2017, FIIs were net buyers in Cash market.
4. That too for a good amount of money.
5. That was surprising.
6. Can we can that as a trailer for 2018?
7. The answer will be out this week.
8. The first two weeks of January will set the trend.
9. Today we will open for trade without any clue from SGX Nifty.
10. Monthly Auto sales data will influence the auto stocks.
11. Manufacturing PMI data, to be released around 10.30 am, is another data to watch out.
12. I will discuss the Nifty levels for 2018 tomorrow, as I still feel sleepy.
13. I sold Nifty 10000PE, 9900PE, 9800PE.
14. Also sold some Bank Nifty 26000CE in weekly options.
15. I also sold Maruti 10300CE and 9000PE.
16. Keeping positions light as I am expecting some kind of trending.
17. Rupee is looking very strong, trading at 63.86 right now.
18. Since there is no global cue, Nifty is likely to trade range bound.
19. Bank Nifty has to do well for Nifty to breakout.
20. Nifty future may trade between 10500 and 10580.