Pre Market Report, February 12, 2018 | Stocks and Commodities

February 12, 2018
Time: 8.30 am

Pre Market Report:

1. Last week was the worst week for stock markets all over the world.
2. Dow was down more than 1000 points intraday on two days and up by more than 1000 point on one day.
3. After one week of huge volatility, markets seemsto be stabilising now.
4. Asian markets are generally positive. Australia is down, may be due to local factors.
5. Japan markets are closed.
6. SGX Nifty is also trading positive. But on Friday SGX Nifty hit a low of 10290.
7. US as well as European futures are trading in Green.
8. Crude prices have crashed. Brent crude has come down to US$63 from almost US$70.
9. So Auto stocks may out perform.
10. SBI results were a shocker. PSU Banks may be under pressure.
11. Markets expected this bad news from SBI as SBI declared results after the market hours for the first time.
12. We can expect some decent crash in volatility index even if markets go sideways.
13. Moreover, after today, there are only 7 more trading sessions.
14. So option premiums may go down on both sides.
15. Bank Nifty will be volatile due to bad results from SBI and ahead of IIP and Inflation data.
16. I may not write the blog regularly as long as I am in Singapore.
17. I will be back to Chennai on 21st.
18. Nifty future may trade rangebound but volatility will set in if Dow futures turn volatile.
19. Until the end of the day, if there is no volatility, we can expect some short covering towards the end of the day.