Pre Market Report, December 21, 2018 | Stocks and Commodities

December 21, 2018
Time: 8.30 am

Pre Market Report:

1. US markets collapsed again.
2. Weak earnings, Fed rate hike, US-China Trade war not coming to an end, all contibuting to the downfall.
3. Trump has been saying US will win Trade War.
4. But market is giving a different message.
5. No one can win in any war, loss will be for all the parties concerned.
6. But our market is showing resilience.
7. Many people wonder why our markets are out performing the world mrkets.
8. We did under perform the world markets in September and October due to IL&FS collapse and Credit squeeze to NBFCs following that.
9. Now that is getting adjusted.
10. Falling Crude price is just helping the bulls.
11. Change in the RBI top post ives an assurance that Credit will flow to NBFCs.
12. Yesterday we opened deep in Red but recovered all losses to trade in Green at some point while the entire world markets were down.
13. Now SGX Nifty is down by 20 to 30 points.
14. We have only 4 more trading days.
15. Markets may consolidate between 10800 and 11100.
16. Midcaps are doing better now.
17. NBFCs, particularly Housing Finance Companies are doing well.
18. OMCs will be in focus as Crude keeps falling.
19. Brent broke below $55 yesterday.
20. Nifty future may trade between 10920 and 11020.