Pre Market Report, Dec 30, 2019 | Stocks and Commodities

Dec 30, 2019
Time: 8.10 am

Pre Market Report:

1. US markets ended mixed on Friday.
2. Asian markets are also mixed today morning.
3. SGX Nifty is almost flat.
4. PSU Banks fell on Thursday but shot up on Friday. That supported Bank Nifty.
5. Both FIIs and DIIs were net buyers in small quantity.
6. Nifty 12000PE has highest open interest among Puts.
7. Nifty 12500CE has highest open interest among Calls.
8. But ever since weekly options came, a major portion shifted to weekly options.
9. So the volume in monthly options is low to come to any calculated guess.
10. Mostly monthly options are used for hedging and strategies.
11. January is a 5 week series with corporate results.
12. So it is better to trade via weekly options.
13. Right now I have following positions.
14. Nifty 12400CE, 12500CE, 12600CE, 12000PE, 11900PE, 11800PE all sold.
15. Bank Nifty 32500CE, 33000, 33500CE, 34000CE, 34500CE, 32500PE, 32000PE, 31500PE, 31000PE, 30500PE, 30000PE all sold.
16. Will continue to make adjustments as and when we require.
17. All PSU banks have shot up on Friday.
18. Broader markets also did well.
19. Most Global markets will not be functioning for next 2 days.
20. So we can expect some consolidation in our markets.
21. We can expect some directional move in second week of January series.
22. Auto ancillaries shot up 40, 50% in last few days.
23. Metals are also looking very strong.
24. Overall markets are bullish, so buy on any dip.
25. Do not try shorting, if you choose to short, then short with hedge.
26. Nifty future may trade between 12280 and 12380, a narrow range today.