Pre Market Report, November 30, 2018 | Stocks and Commodities

November 30, 2018
Time: 8.40 am

Pre Market Report:

1. US markets closed marginally lower after a fantastic rally the day before.
2. Asian markets are mixed.
3. Yesterday our markets closed at the highest level of the series.
4. November series low was 10030 and closed around 10860.
5. Now SGX Nifty trading about 40 points hiher.
6. There is some good news for NBFCs.
7. It seems that market knows this, after struggling for the whole month, Bajaj Finance was the top gainer yesterday.
8. I was very lucky: Have Bajaj Finance and sold 2500CE, closed around there. Similarly have Bajaj Fin Serve at 5400, sold 6000CE, yesterday closed around 6000. Same with the case of Adani Ent, sold 170, 180, 190, 200CE, closed around 170.
9. Today will be selling call options in all the underlyings and will buy Put options also to protect the downside.
10. Yesterday both FIIs and DIIs were net buyers.
11. Today's trade is very important.
12. AHead of G20 meet, traders will not like to take positions home.
13. G20 meet, where US and Chinese Presidents will meet, is the evnt of the month for the world markets.
14. On 7th December Exit poll results and 11th December actual results will be the event of the month forus.
15. Remember Exit poll results are on going, only thing is that they can not release the results to public until 7th evening.
16. Surely some people will know the results and that will be factored in the markets even before 7th December.
17. So in my opinion, G20 meet is more important.
18. As long as Crude is lower and Rupee is strong, we are likely to continue to move higher.
19. Bank Nifty is looking very strong, but December future closed 25 points below November future.
20. Nifty future may trade between 10880 and 11000.