No title | Stocks and Commodities

June 21, 1018
Time: 8.30 am

Pre Market Report:

1. I am happy to write this blog from CNBC office.
2. They have given me a room for trading.
3. US markets closed mixed.
4. Asian markets are mostly slightly positive.
5. SGX Nifty is almost flat.
6. Yesterday Reliance hit all time high.
7. HDFC Bank saw short covering rally.
8. Nobody expected a 300 point move in Bank Nifty yesterday.
9. FIIs were net sellers for more than Rs 2000 crores, one of the highest in the recent weeks.
10. But they have taken some bullish bet in F&O.
11. Our markets has been out performing the other markets for the last two days.
12. Bank Nifty weekly expiry will add to the volatility.
13. Bank Nifty is likely to expire between 26300 and 26800 going by the OI.
14. Auto stocks may be in focus as there is a slight dip in Crude.
15. OPEC meeting will be a key event to watch.
16. It seems that the Love for 10800 continue for Nifty.
17. Once again Nifty is trying to come back to 10800.
18. US and European futures are higher.
19. So we can expect some moderately bullish close, though there may be some volatility in between.
20. Nifty future is likely to trade between 10760 and 10850.