Pre Market Report, December 27, 2018 | Stocks and Commodities

December 27, 2018
Time: 8.10 am

Pre Market Report:

1. Yesterday's market move was so dramatic.
2. I expected Nifty future to take support at least at 10580 but that was broken.
3. I suggested selling Bank Nifty 27000CE and Nifty 10800CE, both are in trouble now.
4. Many times I have seen that we reverse the trend before any other country.
5. Yesterday we reversed, US also reversed later.
6. Dow up by more than 1000 points.
7. All the crash and rally came without any selling or buying from institutions.
8. FIIs bought for less than 100 crore and DIIs sold for less than 200 crores.
9. Crude is up by 10%, so Reliance will be in focus.
10. If reliance shoots up by 3 to 4%, then Nifty will shoot beyond 10800.
11. At the same time, Auto stocks and OMCs may not do well.
12. SGX Nifty is trading around 10800.
13. Due to absence of Institutions, volatility will be there.
14. A small buying or selling, can make market move significantly higher or lower.
15. Put calender for Bank Nifty at 27200 and for Nifty at 10900 is a good idea for today.
16. I am planning to sell 26800PE aggressively.
17. I am also planning to sell 10650PE aggressively.
18. Markets are likely to be volatile as Europe may open slightly lower in the afternoon.
19. Expect a sharp move after 3pm on either side.
20. Nifty is likely to expire between 10720 and 10880.