Pre Market Report, December 11, 2018 | Stocks and Commodities

December 11, 2018
Time: 8 am

Pre Market Report:

1. US markets were hugely volatile.
2. DOW fell about 600 points and then recovered the entire loss to close in Green.
3. Briefly DOW fell below 24000.
4. Asian markets are mostly flat with positive bias.
5. The talk of the Town is RBI Governor resignation.
6. When he was appointed, everybody was unhappy as Raghuram Rajan was not given another chance.
7. Most of the people spoke against Urjit Patel.
8. Now most of the people talking supporting him.
9. Rupee has depreciated in overseas markets by more than 1%.
10. Apple iphone ban in China, volatile US markets, RBI Governor resignation, State election results, too many bad news toether haunting the markets.
11. I feel that if BJP wins MP and not losing Rajasthan and Chatiisgarh by big margin, markets will see some short covering.
12. Remember despite 200 point fall yesterday FIIs did not sell in Cash market yesterday.
13. The trend should be claer by 11 am,
14. Until then, markets are likely to be highly volatile.
15. SGX Nifty hit a low of 10280.
16. I advise my followers not to trade until election results out come is clear.
17. Remember brexit, demonetisation days, Bank Nifty fell 1200 points and recovered the entire loss by the end of the day.
18. Anything can happen on the dyas like this.
19. Between 8 am and 8.30 am, only postal votes will be counted, so do not be misguided by early figures in TV Channels.
20. Ready for roller coaster rides.