Pre Market Report, February 11, 2019 | Stocks and Commodities

February 11, 2019
Time: 8.20 am

Pre Market Report:

1. US markets closed mixed on Friday.
2. Asian markets are also mixed.
3. China markets opened after one week holiday.
4. Global growth slowing down, US-China Trade deal is not likely to happen before February end, US Govt shutdown again this week are some of the worries.
5. Lack of positive news is keeping markets subdued all over the world.
6. Nifty fell more than 50 points in the last half an hour on Friday.
7. Bank Nifty fell more than 150 points in the same time.
8. That was really disappointing for bulls.
9. Bulls thought markets have broken out decisively beyond 11000.
10. In just 2 days it has fallen much below 11000.
11. Everyday one or the other stocks falling 10, 20, 30%.
12. On Friday it was the turn of Tata Motors.
13. Over the weekend Tata Steel has come out with good results.
14. What was surprising on Friday, FIIs were net buyers for Rs 844 crores and DIIs were net sellers for Rs 960 crores.
15. In fact FIIs were net buyers for Rs 3600 crores in Cash market in February alone.
16. Looks like Bulls are turning Bears and Bears are turning Bulls.
17. We need to watch whether this trend continues for next few days.
18. On Friday Kotak Bank, HDFC Bank saved Bank Nifty from collapsing.
19. Today Weekly Nifty Options are open for trade.
20. One more tool for hedging the folio.
21. I am planning to sell 11000CE and 11100CE for portfolio hedging.
22. It is easy to predict the short term trend for few days rather than predicting the trend for one month.
23. We need to see how much liquidity is available in Nifty weekly options.
24. SGX Nifty is down by 15, 20 points.
25. Markets may consolidate between 10800 and 11100 for few more days.
26. China, Hong Kong markets recovered from day's lows and turned Green.
27. European futures are positive while US futures are negative.
28. Nifty future may trade between 10880 and 11000.