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

November 13, 2019
Time: 9.10 am

Pre Market Report:

1. Late due to some personal work.
2. On Monday there was significant up move in last half an hour.
3. IIP data came very bad.
4. But that increases the expectation of rate cut by RBI in December policy.
5. So bank stocks may continue to do well.
6. In fact Bank Nifty was under performing for last few weeks and out performed last two days.
7. FIIs are still buyers for more than Rs 500 crore in Cash market.
8. As I said earlier, Nifty is likely to trade between 11800 and 12200 for this month expiry.
9. FII buying is supporting our markets.
10. I sold 11700PE and 12100CE for weekly option.
11. I may bring the CE down to 12050 and PE to 11750 or 11800 depending upon how market moves.
12. In Bank Nifty I sold 30000PE, 30200PE and 31500CE.
13. Markets are likely to trade in a range with volatility.
14. Nifty future is likely to trade between 11880 and 12000.