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

August 13, 2018
Time: 7.45 am

Pre Market Report:

1. I am writing the report little earlier as I will be travelling in the next one hour.
2. On Saturday my interview came in Moneycontrol website.
3. I received more than 1000 new followers in twitter.
4. Got many queries for Workshop and PMS.
5. Pay TM founder Mr Vijay Shekhar appreciated me in his Twitter.
6. And that has gone viral in Twitter.
7. So feeling happy about the developments over the week end.
8. Coming back to markets, Friday afternoon itself, I cautioned about Turkey problem.
9. US markets were down on Friday.
10. Asian markets are also down.
11. SGX Nifty is also down, trading around 11380.
12. I took some short positions at Friday's close.
13. Coal India came with good results.
14. Tata Steel will declare results today.
15. IIP data that came on Friday was good.
16. But International problems will be more dominant in equity markets.
17. European banks have good exposure to Turkey so Euro is also falling.Will this be a repeat of 1997 South East Asian crisis led by Thailand?
18. Only time will tell.
19. Until then sell Call options and do ratio spreads in Puts.
20. Nifty future may trade between 11350 and 11450.