Pre Market Report, December 31, 2019 | Stocks and Commodities

December 31, 2019
Time: 8 am

Pre Market Report:

1. US markets closed.
2. But nothing to worry as the fall was not based on any news.
3. It was just a profit booking towards the end of the year.
4. Remember US is the best performing market among the developed countries.
5. Asian markets are down, except Singapore and Taiwan.
6. SGX Nifty is down by 50 points.
7. Yesterday Bank Nifty fell but Autos supported the markets.
8. Bank Nifty was down, Nifty was up.
9. As I said yesterday, markets may consolidate for next few days.
10. Auto stocks are higher expecting good sales figures in December.
11. Tomorrow we will know the data.
12. Huge discounts should drive the sales higher.
13. Reliance is struggling. 
14. Key private sector banks, HDFC Bank, Kotak Bank, ICICI Bank all down slightly.
15. More Calls were sold by FIIs and long unwinding was seen.
16. FIIs were net sellers in CAsh market but the volume is very low.
17. So we can see some firm direction only next week.
18. Until then speculators will be at play through weekly options.
19. Yesterday I sold February expiry Bank Nifty 31000PE and 34000CE at Rs 600.
20. Janary premiums are too low to take positions.
21. India VIX seems to have bottomed out.
22. VIX shold start moving higher from here.
23. Metal stocks may see some selling pressure today.
24. Yesterday metals did very well, Vedanta future shot up from Rs 151 to Rs 156.
25. Nifty future may trade between 12260 and 12360.