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

June 12, 2018
Time: 8.35 am

Pre Market Report:

1. US markets closed slightly positive.
2. Most Asian markets are flat to positive.
3. SGX Nifty is trading plus or minus 10, 15 points.
4. US North Korea meet is along the expected lines.
5. No big positive or negative news.
6. Yesterday markets tried to breakout, but failed.
7. FIIs have sold heavily once again in Cash market.
8. But FIIs have taken bullish position in F&O.
9. Nifty 10800PE is in the money, still added more than 7 lakh shares in the open interest.
10. RBI is reportedly preparing for a 35 billion US dollar issue.
11. If that happens, Rupee will strengthen.
12. The sudden fall in Rupee from 64.50 to above 68 and sudden rise in the crude are the main reasons for India's under performance.
13. So far this year, we have under performed the Asian markets by 8%.
14. That is a huge under performance.
15. This may get adjusted if things change in our favour.
16. Both Nifty and Bank Nifty futures added open interest.
17. Today evening IIP and CPI data and tomorrow night US Fed policy are the key events to watch.
18. Private Sector Banks are also coming under selling pressure at higher levels.
19. HDFC bank 2000PE can be sold on dip and 2100CE can be sold on rise.
20. Put ratio spread can also be done. I bought 10500PE, sold 10400PE, 10300PE and 10200PE in the ratio 1:2:1:1.
21. NIfty future may trade between 10720 and 10820.