Pre Market Report, November, 2018 | Stocks and Commodities

November, 2018
Time: 8.30 am

Pre Market Report:

1. US markets ended mixed.
2. Dow, after falling 1000 points in two days, could not end in Green third day.
3. Apple erased all the gains and struggling.
4. Bt S&P 500 and Nasdaq ended in Green.
5. Asian markets are mixed.
6. Some people started talking about slowing down the speed of rate hike in US.
7. Asian markets are mixed.
8. SGX Nifty hit a high of 10689 yesterday night but now lost all the gains.
9. Now SGX Nifty trade around 10620.
10. The flat opening will help all the option writers of Bank Nifty weekly options to eat the premium.
11. Index heavy weights are looking weak.
12. But midcaps are looking very good.
13. Yesterday Titan, LIC Housing hit swing high.
14. Adani Gas hit upper circuit. I bought 4000 shares of Adani Ent. and I was given 4000 shares of Adani Gas. Now Adani Gas alone trading around Rs 100. Remember just few months before, Adani Ent. was trading around Rs 100.
15. Nifty is down but Bank Nifty is up.
16. So it will be interesting Bank Nifty weekly expiry today.
17. Going by the OI, Bank Nifty is likely to expire between 26000 and 26500.
18. US markets closed today, tomorrow shortened trading. So we may not get any more bad global cues.
19. So markets may stabilse now after falling 200 points.
20. Nifty future may trade between 10550 and 10680.
21. Bank Nifty future may trade between 26000 and 26500.