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

January 4, 2018
Time: 8.30 am

Pre Market Report:

1. US markets fell as Apple fell 10%.
2. All Apple suppliers also fell.
3. But after the markets closed, there was a breaking news that US and China will hold talks at Vice Ministerial level on January 7 and 8.
4. So Asian markets are not that bad, only Taiwan is down significantly as this market is dominated by chip makers.
5. Japan has fallen due to its safe heaven status and Australia fell due to locl issues.
6. SGX Nifty fell 40, 50 points bt now recovering and trading slightly in Green.
7. European futures are also higher but US futures are not showing any positive movement.
8. Yesterday FIIs have sold for nearly 1000 Crores, second day of heavy selling.
9. If today also they sell for 1000 crores, I will consider exiting my long positions.
10. Right now selling Call options aggressively for my long positions.
11. There is an increase of OI at 10800, 10900, 11000. Aggressive call writing is happening.
12. There is unwinding in 10800 and below strikes.
13. Metal stocks are on selling spree, Vedanta hit 52 week low.
14. Most of the metal stocks are trading close to 52 week low.
15. One more Breaking News: US House passes the bill to end Govt. shutdown.
16. Now the only big breaking news we need is, "US China signed trade deal"
17. That may happen in the next few weeks.
18. Yesterday HDFC Twins brought the markets down significantly.
19. Let us see how they perform today.
20. For the last three days, Nifty has been making more than 150 points move intraday.
21. Nifty future may trade between 10680 and 10700.