Pre Market Report, December 28, 2018 | Stocks and Commodities

December 28, 2018
Time: 8.15 am

Pre Market Report:

1. US markets closed in Green after falling in the morning session.
2. Asian markets are mostly positive.
3. But they are up only 0.25 to 0.5% up.
4. Some markets like Japan are down slihtly.
5. SGX Nifty is trading closer to yesterday's high.
6. Yesterday Bank Nifty under performed.
7. Last half an hour, Bank Nifty fell mainly because of HDFC Bank.
8. HDFC Bank contributed to 90% fall in Bank Nifty during last 30 minutes.
9. It was clear case of Index management.
10. We ended December series with a loss of 80 points in Nifty.
11. For the whole year we are still up by about 3%.
12. FIIs were net buyers for more than Rs 1700 Crores yesterday.
13. It was surprising, usually there will be lot of selling on expiry day.
14. However DIIs continue to sell every day.
15. Highest open interest among Puts is at 10500 in January series.
16. Highest open interest among Calls is at 11000 followed by 11200.
17. So Nifty may trade between 10400 and 11300 in January series.
18. I am planning to buy Nifty 10500PE and sell 10200PE in the ration 1:3.
19. Bank Nifty I am trying a more complicated strategy.
20. Go short in Bank Nifty, buy 27500CE, sell 12X25000PE and sell 4X28000CE.
21. Today Nifty future should take support at 10820.
22. Resistance may come at 10940.