Pre Market Report, December 14, 2018 | Stocks and Commodities

December 14, 2018
Time: 8.25 am

Pre Market Report:

1. US markets ended mixed.
2. But Asian markets are down.
3. SGX Nifty is down by 40 to 50 points.
4. US Futures also down.
5. All these happening withot any major negative news.
6. Industial production data from China is very bad.
7. S may increase the tariff against China in March, instead of January, if there is no deal reached.
8. China started importing Soya from US and planning to cut the tariff on cars from 40% to 15%.
9. Yesterday FIIs were net buyers for about Rs 675 crores.
10. But DIIs were net sellers for about Rs 52 Crores.
11. Nifty shot up from 10300 to 10800 in just 3 days.
12. Nifty trading above 20 and 200DMA.
13. So markets may consolidate for few days.
14. Nifty may consolidate between 10700 and 10800.
15. Bank Nifty may consolidate between 26500 and 27000.
16. Cement stocks may do well as GST may be reduced from 28% to 18%.
17. Banking stocks will be in focus as Piyush Goyal openly talking about using RBI money to help banks.
18. PSU Banks particularly may do well.
19. I sold SBI 270PE and 260PE.
20. I already have SBI 320CE, 330CE.
21. PSU Banks, BBFCs, Realty, Cement stocks may be in focus today.
22. Nifty future may trade between 10720 and 10840.