Pre Market Report, December 18, 2018 | Stocks and Commodities

December 18, 2018
Time: 8 am

Pre Market Report:

1. S markets fell for second day.
2. Dow fell more than 1000 points in two days.
3. Nasdaq fell more than 2% 10 times in this quarter.
4. S&P 500 fell more than 2% 6 times in this quarter.
5. Dow heading for second worst December month in the History.
6. But we are up by 600 points in Nifty.
7. On last Tuesday, SGX Nifty low was 10280.
8. Yesterday Nifty future high here was 10924.
9. Yesterday both FIIs and DIIs were net sellers, but Nifty was up by more than 80 points.
10. Nifty was up mainly because of HDFC, HDFC Bank, Reliance.
11. All 3 index heavyweights did very well yesterday.
12. But the broader market was not really that good.
13. Kotak Bank dragged Bank Nifty down.
14. Markets will be volatile ahead of Fed meeting outcome.
15. Fed is expected in increase the rate but may sound catious about future rate hike.
16. In case, if there is no hike, markets in US will shoot up.
17. India VIX fell nearly 25% this month and now it is below 15.
18. This indicates that there may not be any big violent move in near future.
19. I am planning some ratio spread in Bank Nifty montly option.
20. Nifty future may trade between 10820 and 10920.