Pre Maket Report, September 4, 2018 | Stocks and Commodities

September 4, 2018
Time: 8.55 am

Pre Maket Report:

1. Yesterday markets fell much more than expected as the news of FPIs displeasure of SEBI rules came out.
2. But the selling in Cash market was not significant by FIIs.
3. In fact DIIs have sold for more than Rs 500 crores while FIIs have sold only around Rs 20 crores.
4. So, as of now it is only long unwinding by retails people.
5. Even in F&O, there was no significant shorts added.
6. But the fear is very high, that is evident from the fact that there was Option buy figure of more than Rs 1000 crore.
7. US markets were closed yesterday night.
8. Asian markets are mostly flat.
9. SGX Nifty is also mostly flat.
10. But Crude is inching higher, which is not good for India.
11. Rupee also closed at all time low, above 71.
12. So it is time to be cautious.
13. One amazing this is that Futures are still trading at a huge premium.
14. Nifty future about 50 points premium and Bank Nifty future about 180 points premium.
15. I am selling more call options.
16. Also doing some strategies where I will make money if markets fall below 11500 significantly.
17. Any intraday bounce Bank Nifty 28500CE and above can be sold.
18. In Nifty 11800CE and above can be sold.
19. Make sure you know how to manage if things go wrong.
20. Nifty future should take support at 11580. Resistance may come at 11700.