Pre Market Report, June 26, 2018 | Stocks and Commodities

June 26, 2018
Time: 8.40 am

Pre Market Report:

1. US markets fell drastically due to US-China trade war fears.
2. Hardley announced setting up of manufacturing unit abroad.
3. This kind of things may be a blow to Trump's trade war decisions.
4. In the last one hour there was some recovery in US.
5. But Asian markets are very bad.
6. Hang Seng is down nearly 400 points.
7. SGX Nifty is down by more than 50 points.
8. So we may open lower.
9. But all things are not bad.
10. First, FIIs seems to be buying in HDFC Bank.
11. That is why, there was no net sell in Cash market by FIIs.
12. Second, right now US and European futures are trading in Green.
13. Third, we did not rise when world markets rose, we may not fall when world markets fall.
14. For the last two weeks, markets are volatile between 10700 and 10850.
15. Hope markets recover once again from the lows.
16. Though anything can happen in the last few days of expiry, I still feel that Nifty will expire between 10700 and 10850.
17. Will be interesting if Nifty expires around 10800.
18. Yesterday I bought Bank Nifty 27000CE and then sold 27100CE, 27200CE, 27300CE, 27400CE and 27500CE.
19. Today planning to sell 10850CE in Nifty if there is any bounce.
20. Selling both 10600PE and 10850CE will be a good idea.
21. Please do it only if you know how to manage the risk.
22. I am planning to sell 26800, 26900CE and may buy 26700CE, the ratio spread.
23. I will hope for recovery as long as 10680 is not broken.
24. Nifty future may find support at 10680.
25. Resistance may come at 10780.