Pre Market Report, January 13, 2020 | Stocks and Commodities

January 13, 2020
Time: 8.30 am




Pre Market Report:

1. US markets fell on Friday as Jobs data was not good.
2. But US futures are slightly higher.
3. But most Asian markets are higher.
4. Infosys came with good results.
5. It was up more than 7% at point of time in US but closed about 2% higher.
6. We can expect 2 to 4% higher for Infosys.
7. IIP data also came positive, after being negative for last few months.
8. On Friday, markets met with huge selling pressure.
9. Bank Nifty fell almost 400 points intraday.
10. Nifty fell 100 points from intraday high.
11. But later recovered about one third of the loss.
12. Now SGX Nifty is trading about 40 points higher.
13. As I said in the beginning of tis month, Nifty is likely to trade between 12000 and 12500.
14. It has already tested the lower end last week.
15. It may test the higher end in the coming weeks.
16. I have lot of Put options.
17. I went long in both Nifty and Bank Nifty 
18. But I booked profit in Nifty at 12320 (In Singapore) and still holding Bank Nifty.
19. Entire Global markets are in bull grip.
20. So keep positive bias in your positions.
21. This week I may take positions in Feb series also.
22. Reliance has been doing very well.
23. I took long positions at 1520 and sold 1540 Call options (Covered Call).
24. Now it has crossed 1540 also.
25. Nifty future may trade between 12260 and 12380.
26. Bank Nifty will be in focus ahead of CPI inflation today evening.