Pre Market Report, December 13, 2018 | Stocks and Commodities

December 13, 2018
Time: 8.25 am

Pre Market Report:

1. US markets ended in Green though much lower than intraday high, due to trade optimism.
2. Asian markets are trading in Green.
3. But India is on a different path.
4. Yesterday's rise of 200 points Nifty was a surprise.
5. This has happened despite huge selling by FIIs, FIIs have sold 4000 Crores in last two days in CAsh market and Nifty shot up nearly 500 points.
6. Yesterday after market close, we got IIP and Inflation data. Both were very good.
7. IIP at over 8% and Inflation closer to 2% is a fantastic news.
8. NBFC stocks, Yes Bank, Kotak Bank, PSU Banks all gained due to new RBI Governor.
9. PSU Banks may continue to do well as RBI Governor is meeting all PSU Bank chiefs.
10. Today Bank Nifty weekly expiry may bring some volatility to Banking stocks.
11. I sold ICICI Bank 340PE in the begining of this month and still holding, though it fell slightly below 340 on one day.
12. I am prepared to take delivery if it closes below 340 at the end of this month.
13. I have sold Call options of 2200 in HDFC Bank as FIIs keep selling.
14. SGX Nifty is trading around 10830 which is 50 points higher.
15. So Bank Nifty is likely to open higher by 100 to 150 points higher.
16. Bank Nifty 26000PE had highest open interest, so I sold huge quantities of 26000PE.
17. Yes Bank will be in focus due to the board meeting.
18. Auto stocks did well yesterday.
19. Expect some brofit booking at some point today as Nifty is rising for third day.
20. Nifty future may trade between 10780 and 10880.