Pre Market Report, July 13, 2018 | Stocks and Commodities

July 13, 2018
Time: 8.45 am

Pre Market Report:

1. US markets closed higher.
2. Asian markets are following US.
3. But China is down.
4. SGX Nifty is trading around 11050.
5. Crude is trading below US$75.
6. Rupee is stronger, most analysts predicted Rs 70 per dollar this week but that has not happened.
7. After breaking the resistance of 10850, Nifty has run up 200 points.
8. So we can expect some consolidation here.
9. Next set of results will dictate the trend.
10. Infosys will declare results after the market hours today.
11. Yesterday expiry day trades went very well.
12. Auto sector did badly yesterday despite fall in Crude prices.
13. India VIX is below 13.
14. So time to play only for short term.
15. We can sell 10800PE whenever there is an intraday dip in Nifty.
16. Bank Nifty we can sell 26000PE.
17. Today's trading may be boring one.
18. Nifty future may trade between 11000 and 11080.