Pre Market Report, May 13, 2019 | Stocks and Commodities

May 13, 2019
Time: 8.25 am

Pre Market Report:

1. US China trade war news is not subsidning.
2. Dow futures down by more than 200 points.
3. Asian markets are down.
4. SGX Nifty is down by about 40 points.
5. If FIIs buy, then they buy continuously and if they sell, then also they sell continuously.
6. On Friday FIIs have sold for Rs 1245 crores in Cash market while DIIs have bought for Rs 1057 crores.
7. Nifty has fallen for 8 straught days.
8. Today it is likely to open lower and likely to close also lower for 9th straight day.
9. There was some signs of recovery on Friday which was sold into.
10. SBI saved the Bank Nifty from collapsing on Friday.
11. Sometimes in the past, DIIs have placed big buy orders at the market open, triggering a short covering rally. (On Friday China index was up by 3% as DIIs ought aggressively there)
12. European futures are still positive, so some kind of short covering is expected.
13. In fact that was expected on Friday also but did not happen.
14. We have to deal with twin uncertainties of Elcetion and US-China Trade deal.
15. Since we have only 8 more trading sessions before election results, India VIX is likely to inch up.
16. India VIX is likely to touch 30 before election results.
17. We have 5 more trading sessions before Exit poll results.
18. Since Nifty has corrected 50% of the gains made in March, some support should come around 11200 for Nifty.
19. Lighten the positions on every rise. Hedge the folios until election results.
20. Nifty future may trade between 11220 and 11360.