Pre Market Report, November 15, 2018 | Stocks and Commodities

November 15, 2018
Time: 8.45 am

Pre Market Report:

1. US markets were hihly volatile.
2. Yesterday Dow opened abot 200 points higher, then fell more than 400 points and again recovered about 200 points.
3. Apple is dragging the US markets.
4. Oil related stocks are also dragging as Crude oil is struggling at the lower levels.
5. But Asian markets are not reacting to US markets.
6. In fact, some Asian markets are trading in Green.
7. SGX Nifty is also slightly positive.
8. SGX Nifty trading between 10600 and 10660, still a wide range.
9. Bank Nifty closed at 25930 but highest open interest among Calls is at 26000.
10. Kotak Bank fell more than 3% dragging Bank Nifty.
11. Today we have to see how Kotak Bank is going to contribute to Bank Nifty.
12. If there is any breakout, Bank Nifty is likely to cross 26200.
13. Maruti is looking bullish among Auto stocks as Maruti is a major beneficiary of Crude oil fall.
14. I am expecting a range of 25800-26200 for Bank Nifty.
15. Everyday our markets are making violent moves.
16. Today also we can expect some violent moves.
17. We will see some sharp moves towards the end of the day due to Bank Nifty weekly expiry.
18. So ready for another volatile trade within a range of 10580 and 10700.
19. ICICI Bank is also in focus as it is trading at 52 week high.
20. Reliance is not likely to out perform due to Oil prices.