Pre Market Report, February 14, 2020 | Stocks and Commodities

February 14, 2020
Time: 8.20 am




Pre Market Report:

1. US markets closed negative.
2. But recovered some losses during the day.
3. Many Asian markets are positive.
4. SGX Nifty started negative, now turned positive slightly.
5. Corona virus fear is increasing all over the world.
6. If the virus persists, even Tokyo Olympics may be cancelled. (I have already booked tickets and hotels)
7. Yesterday FIIs bought for more than Rs 1000 crore in Cash market.
8. That is really a positive surprise.
9. But DIIs have sold for about Rs 900 crores.
10. FIIs increased their short positions in Index Futures from 78% to 84%.
11. The talk of the Town is AGR modification plea by telcos to be heard by Supreme Court today.
12. So watch for Reliance, Bharti and Idea.
13. Yesterday Nifty did not fall much.
14. Only Bank Nifty fell.
15. SBI held on to its gains due to positive news flow.
16. SBI Card IPO may ome soon, SBI AMC has managed to take top position from HDFC AMC, YES Bank shot up by 12% is also positive for SBI as SBI may have to buyout in case if YES Bank fails.
17. After today, there will be only 8 trading sessions.
18. So option premiums may fall, if markets consolidate.
19. Right now most of the negatives have been factored in.
20. There are no positive news flow also.
21. So markets may consolidate between 12000 and 12400 for next two weeks.
22. Short covering rally can not be ruled out as FIIs are holding huge short positions in Index Futures.
23. AGR outcome will not only affect Telcos, it will affect Banking stocks also.
24. SBI saved Bank Nifty from collapsing yesterday.
25. Nifty future may trade between yesterday's low and yesterday's high.