Pre Market Report, December 13, 2017 | Stocks and Commodities

December 13, 2017
Time: 8 am

Pre Market Report:

1. Nifty shot up 180 points from day before yesterday's low to yesterday's high.
2. Bank Nifty up by 700 points during the same period.
3. Nifty corrected significantly after hitting all time high.
4. Usually, when markets hit all time high, selling will come.
5. If it crosses again, then the rally will be powerful.
6. US markets closed higher.
7. US is ready for US-China deal.
8. After this news, Asian markets are higher.
9. SGX Nifty is higher than yesterday's high.
10. Inflation data was not good.
11. Probably Onion prices are responsible for higher inflation.
12. IIP data is negative but it was expected.
13. TCS fell about Rs 80 in the last few minutes.
14. About 30 lakh shares traded and Shapoorji Pallonji group sold about 20 lakh shares.
15. Otherwise Nifty would have closed above 12000.
16. Infosys and TCS under performed the markets hugely.
17. The Love for 12K continues for Nifty.
18. If my gut feeling is correct, then Nifty should expire around 12300 by the end of this month.
19. Last week of December should see a significant move.
20. Kotak Bank, ICICI Bank hit all time high.
21. FIIs are buyers one day and sellers next day.
22. There is no consensus among FIIs.
23. Option premiums are too low.
24. India VIX is also very low.
25. Option data suggests Nifty range of 11800-12200.
26. There are only 9 more trading sessions in this series.
27. Reliance is still consolidating.
28. After the big move, we can expect Nifty to consolidate for next few days.
29. Nifty future may trade between 12000 and 12120.