Pre Market Report, December 4, 2018 | Stocks and Commodities

December 4, 2018
Time: 8.25 am

Pre Market Report:

1. Yesterday the entire world markets were higher.
2. But we opened and quickly fell.
3. We struggled to close in Green.
4. But today all key Asian markets are down.
5. Even US and European futures are down.
6. Conflicting reports come from US and China regarding Car tariff cut.
7. Yesterday FIIs were net buyers.
8. But DIIs have sold heavily.
9. Sun Pharma fell 7.5%.
10. SGX Nifty is also trading almost flat.
11. Bank Nifty will be in focus ahead of RBI policy tomorrow.
12. I sold Bank Nifty 26200PE and 27500CE in weekly options.
13. In monthly options, I sold 27000CE and PE, and ratio spread 26000PE buy and 25000CE sell twice the quantity.
14. We have so many events lining up in the next one week.
15. RBI policy, OPEC meet, Exit poll results, Brexit voting, State Election results, etc.
16. In addition usual data like IIP data, Inflation data, Manufacturing and Services PMI data, US jobs data, etc.
17. Autos did not do badly even after very bad set of monthly sales data.
18. Rupee depreciated, Crude moved higher, both not good for us.
19. Today I am planning to sell 7000PE in Maruti and HUL 1700PE during intraday dip.
20. Nifty future may trade between 10880 and 11000.