Pre Market Report, Januatu 1, 2019 | Stocks and Commodities

Januatu 1, 2019
Time: 8.20 am

Pre Market Report:

1. Wishing all the readers "A Happy and Properous New Year"
2. US markets closed in Green but it was volatile.
3. SGX Nifty is almost flat.
4. Yesterday at the opening itself, mrkets fell.
5. Nifty is not in a hurry to cross 11000.
6. In the past many times markets fell when Nifty traded between 10900 and 11000.
7. This is a big resistance zone.
8. Kotak Bank saved the Bank Nifty from falling.
9. North Korea made some new year announcement against US.
10. South Korea Manufacturing data was very bad.
11. People say growth is slowing all over the world, but Fed says US Economy is growing and raising interest rates.
12. Monthly Auto sales data and Cement sales data will influence the auto and cement stocks.
13. Last month auto sales were not good, so this time auto stocks are not bullish.
14. If auto sales data is good, then we can see some activity in auto stocks.
15. Tata Motors seems to have bottomed out.
16. Most of the world markets are closed.
17. So today and tomorrow, our markets will be in sideways only.
18. We need to see whether FIIs buy or sell in new year.
19. Nifty 11200 has the highest open interest, so I am planning to sell 11200CE.
20. If Nifty crosses 11000 decissively, I am planning to sell 11500.
21. Bank Nifty and Nifty both closed flat yesterday.
22. So they may make a move today, it will be good if they move higher.
23. Nifty future may trade between 10880 and 11000.