Pre Market Report, March 20, 2018 | Stocks and Commodities

March 20, 2018
Time: 8.40 am

Pre Market Report:

1. US markets fell drastically due to a problem with Facebook.
2. Facebook fell more than 6% and all the IT stocks fell.
3. But US markets recovered some of the heavy losses in the last one hour.
4. Asian markets are mostly negative.
5. SGX Nifty is also trading about 40 points lower.
6. Last two days markets opened almost flat but fell after that.
7. Today markets may open lower but in my opinion may recover.
8. Markets may close slightly negative or slightly positive.
9. On Friday FIIs have shorted for more than Rs 4000 crores in F&O but yesterday they have shorted only for Rs 300 crores. (Taking only Index futures and Stock Futures).
10. Even in Cash market, FIIs were net buyers.
11. Despite such a big commotion in Secondary markets, Bandan Bank IPO got about 15 times subscription.
12. IT stocks likely to be under pressure.
13. Metal stocks are bleeding.
14. Bank Nifty has to out perform for markets to stabilise.
15. Markets may show volatility for the next few days.
16. Only after Fed event, markets may stabilise.
17. Until then on every bounce, sell Call option.
18. I sold Bank Nifty weekly options as time value will depreciate very fast.
19. I have sold Bank Nifty 24500, 24600, 24700, 24800, 24900, 25000CE.
20. They are all in profit, so stop loss can be maintained.
21. Nifty future may trade between 10050 (Yesterday night SGX low) and 10150.