Pre Market Report, July 2, 2018 | Stocks and Commodities

July 2, 2018
Time: 8.40 am

Pre Market Report:

1. I could not write the blog on Friday as I was not well.
2. US markets closed moderately higher on Friday.
3. But Asian markets are mixed.
4. Hong Kong markets are closed.
5. SGX Nifty is almost flat.
6. Last three days, Nifty moved more than 100 point every day.
7. Wednesday and Thursday down, Friday up.
8. Trump spoke to Saudi Arabia regarding oil out put.
9. So Crude is slightly down.
10. Auto sales data has been very good.
11. So Auto stocks may be in focus today.
12. Particularly Maruti which has been declaring excellent sales figures.
13. In Banking space Yes Bank is an interesting stock.
14. Large cap stock are holding because of few out performers.
15. Mid caps index fell 6% in June series and small cap index 10%.
16. Bleeding continues in broader markets.
17. Mr Porinju bought a share, it has fallen 75%, I thought I am buying 75% below Mr Porinju's price, then the share fell again another 25% from my buying price.
18. I bought for Rs 25,000 only and so my loss is only about Rs 6000. But still the kind of losses in small cap and micro cap are beyond imagination.
19. Emerging market out flows also growing.
20. For third time in a row, bought 26000PE, sold double the quantity of 25500PE, 25000PE in Bank Nifty monthly epiry and sold 26000PE in weekly expiry.
21. Expecting Nifty to trade between 10200 and 11000 in July series.
22. New SEBI rule kicks in today, so we have to see how the volume and price will be affected in Options.
23. Heard some people are working to beat the system and may come at a price and only for HNIs.
24. I closed most of my positions on Friday, so I have to start fresh today in most of the accounts.'
25. Nifty is likely to trade between 10650 and 10750.