Pre Market Report, December 3, 2018 | Stocks and Commodities

December 3, 2018
Time: 8.45 am

Pre Market Report:

1. US China Presidents talk ended as expected.
2. They have agrees not to impose any further tariff.
3. Asian markets are higher.
4. SGX Nifty crossed 11000 in the morning.
5. Now it is trading around 10980.
6. Markets may spend some time between 10980 and 11020.
7. Not all good for our markets.
8. Along with the stock markets, Crude prices are also higher.
9. In addition, monthly auto slaes data were very bad.
10. Particularly commercial vehicles sales was down by 20%.
11. So the trouble is not over for Tata Motors.
12. HDFC is doing very well, shot up from 1644 to 1998 in the last two months.
13. I have given two strategies last week.
14. I am keeping my positions very light until election results are out.
15. FIIs were net sellers in Cash market on Friday.
16. That could be due to week end uncertanty of US China talks.
17. Next one week of trade is very important as RBI policy, OPEC meeting, Exit poll results and actual results all will play.
18. Bank Nifty is likely to continue to be bullish.
19. Kotak Bank is showing some momentum now.
20. Nifty future is likely to trade between 10950 and 11020.