Pre Market Report, July 19, 2019 | Stocks and Commodities

July 19, 2019
Time: 8.10 am



Pre Market Report:

1. Yesterday our markets fell more than expected.
2. SBI fell nearly 3% and all other PSUs also fell.
3. Reliance fell significantly, Reliance is coming under huge selling pressure near 1300.
4. Mid caps fell even more.
5. Bank Nifty under performed by falling abot 300 points.
6. When everyone thought FII selling subsided, they came back with vigour to sell more than 1400 crores worth of shares yesterday.
7. But HDFC Group has done very well yesterday.
8. All Banks fell except HDFC Bak and Kotak Bank.
9. US markets opened lower.
10. Later US markets erased all losses to close in Green.
11. People have to find some reason for this positivity.
12. So they say Fed rate cut is coming.
13. Asian markets are following US markets and trade in Green.
14. SGX Nifty is also up by about 30 points.
15. Stocks that are affected by 35% shareholding falling more.
16. TCS and Sun TV bot fell. I have short position in TCS and long position in Sun TV. 
17. Even the most bullish people are also turning bearish after the budget.
18. Yesterday received wahtsapp message a letter by Mr Porinju to his investors.
19. Earlier letters sounded some optimism.
20. Now this letter sounds pesimism.
21. Markets are turning neutral to bearish in medium term.
22. So on any bounce, good to sell December options.
23. I have sold 13000, 12500, 12000 Call options in December expiry.
24. In additions, have dome some strategies.
25. Strategy1: +1X11000CE, -2X11500CE.
26. Strategy 2: +1X11500PE, -3X10500PE.
27. Startegy 3: +1X12000PE, -3X11000PE.
28. These strategies will protect my Cash market folio upto 11000.
29. I still feel that 11000 will be a very good support upto December.
30. Nifty future may trade between 11600 and 11720.
31. Lat hour trade will be evry important as Reliance and HDFC Bank come out with results after the market hours.
32. So on Monday there can be gap up or gap down in these two counters, both are index heavy weights.
33. So expect markets to open 30, 40 points higher, consolidate, and make a sharp move towards the end of the day.