November 15, 2019
Time: 8.30 am
Pre Market Report:
1. Yesterday markets were highly volatile but within a range.
2. As expected Nifty took support near 11800.
3. I said in the beginning of this month that Nifty is likely to trade between 11800 and 12200.
4. HDFC Bank and ICICI Bank led the Bank Nifty higher.
5. PSU Banks started under performing again.
6. We have two more weeks for this month.
7. And I still believe that Nifty will consolidate between 11800 and 12200.
8. On any dip, one can sell put options of 11700 and below.
9. On any intraday bounces, one can sell 12200 and above.
10. There is some trade optimism in US-China trade.
11. Asian markets are higher.
12. SGX Nifty is higher by about 20 points.
13. Yesterday India VIX fell and hence the premiums.
14. I sold Bank Nifty December 31000 short straddle few days before.
15. Yesterday put option fell by more than Rs 200 but call option went up just by Rs 4.
16. Option premiums fell even in December series.
17. After many days of buying, yesterday FIIs were net sellers in Cash market.
18. So markets may not rise significantly.
19. I am planning to do Nifty 11900 short straddle.
20. Also planning Bank Nifty 31000 short straddle.
21. Nifty future may trade between 11880 and 12000.
Time: 8.30 am
Pre Market Report:
1. Yesterday markets were highly volatile but within a range.
2. As expected Nifty took support near 11800.
3. I said in the beginning of this month that Nifty is likely to trade between 11800 and 12200.
4. HDFC Bank and ICICI Bank led the Bank Nifty higher.
5. PSU Banks started under performing again.
6. We have two more weeks for this month.
7. And I still believe that Nifty will consolidate between 11800 and 12200.
8. On any dip, one can sell put options of 11700 and below.
9. On any intraday bounces, one can sell 12200 and above.
10. There is some trade optimism in US-China trade.
11. Asian markets are higher.
12. SGX Nifty is higher by about 20 points.
13. Yesterday India VIX fell and hence the premiums.
14. I sold Bank Nifty December 31000 short straddle few days before.
15. Yesterday put option fell by more than Rs 200 but call option went up just by Rs 4.
16. Option premiums fell even in December series.
17. After many days of buying, yesterday FIIs were net sellers in Cash market.
18. So markets may not rise significantly.
19. I am planning to do Nifty 11900 short straddle.
20. Also planning Bank Nifty 31000 short straddle.
21. Nifty future may trade between 11880 and 12000.
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