Pre Market Report, February 11, 2020 | Stocks and Commodities

February 11, 2020
Time: 8.20 am

Pre Market Report:

1. US markets closed higher.
2. Asian markets are higher, Japan is closed.
3. SGX Nifty is higher by 40 , 50 points.
4. In fact, yesterday I tweeted, markets are over reacting to Exit poll results.
5. From yesterday's low and now SGX Nifty price, it is more than 100 points higher.
6. Yesterday, Reliance and Kotak Bank went up in the last half an hour.
7. But both FIIs and DIIs were net sellers in Cash market.
8. The talk of the town is CRR cut for retail loans and MSME loans.
9. Banking stocks are likely to rally.
10. RBI does something when Nifty falls below.
11. That too just ahead of Delhi results.
12. This shows that RBI as well as Govt started micro managing.
13. That is a positive sign.
14. Markets may be volatile as the counting goes on in Delhi.
15. FII short positions not coming down in F&O.
16. That is despite US markets hitting all time high every alternate days.
17. But they have to cover the shorts at some point.
18. I have sold huge Put options at 11800 and below.
19. Call options are very little.
20. Today Delhi elections, tomorrow IIP & Inflation data, after that there are no events.
21. Yesterday I suggested selling 11800PE and below when markets are down.
22. That will be working very well.
23. Reliance and Banking stocks will be in focus.
24. Bajaj Finance is at all time high and may continue to move higher.
25. Nifty, yesterday's low will be the bottom for short term.
26. Resistance may come around 12250.