Pre Market Report, December 20, 2018 | Stocks and Commodities

December 20, 2018
Time: 8.30 am

Pre Market Report:

1. Today 7 days of uptrend will be broken.
2. Thanks to Fed rate hike by 25 basis point.
3. But it was not a surprise move, it was known already.
4. But markets in US wanted a reason to break down.
5. Dow fell below 2018 Februray low.
6. Now it is at 15 month low.
7. But we are nearly 10% higher than Februray low.
8. SGX Nifty fell from 11039 to 10987 within few seconds of Fed rate hike.
9. Now it is trading around 10900, about 85 points lower.
10. Bank Nifty may fall about 200 points at open.
11. Remember HDFC Bank ADR was up by 0,5%.
12. HDFC Bank will be used to manage Bank Nifty expiry levels.
13. Bank Nifty weekly expiry Max Pain is at 27200.
14. Highest Put OI is at 27000.
15. Highest Call OI is at 27500.
16. FIIs were net buyers for more than 1200 crores.
17. So there will be support at lower levels, if our markets fall.
18. Crude continue to trade below $57.
19. There may be some knee jerk reaction at the opening but markets may recover some losses and stabilise.
20. Nifty future may trade between 10880 and 11020.