Pre Market Report, November 16, 2018 | Stocks and Commodities

November 16, 2018
Time: 8.20 am

Pre Market Report:

1. US markets ended in Green after a huge volatile trade.
2. Asian markets are mixed.
3. US China trade talks: One some good news and next day some bad news.
4. This alternate view of Optimism and Pessimism on US China Trade talks add volatility to the world markets.
5. But India is well positioned this time.
6. Crude has fallen and stuggling at the lower levels.
7. Rupee appreciated and trading below 72.
8. FIIs have pumped in more than 2000 crores in Cash market yesterday.
9. For the last many sessions, DOW has been falling but we did not fall.
10. If 10700 is crossed, then markets can move much higher by short covering.
11. Next resitance will be between 10850 and 11000.
12. Due to Crude prices, Reliance is not doing well.
13. All FMCG stocks are flying except ITC.
14. Infosys and TCS are not doing well as Rupee appreciating.
15. So market has to move higher without the help of these 4 index heavy weights.
16. AT some point short covering in these index heavy weights will propel the markets.
17. On any intraday dip, better take long positions.
18. Maruti shot up from 6500 to 7500 in two to three weeks.
19. Many good stocks appreciated by more than 20%.
20. So it is time to be cautious on short side.
21. Nifty future may tarde between 10600 and 10700.
22. Bank Nifty out performed yesterday and it is likely to out perform today also.