Pre Market Report, February 19, 2020 | Stocks and Commodities

February 19, 2020
Time: 8.15 am

Pre Market Report:

1. US markets did not fall as much as expected.
2. In fact, even Apple shares recovered from lows.
3. It was down just less than 2%.
4. So Asian markets are mostly positive.
5. No new bad news from Corona front.
6. In fact, there are some good news. Cruise ship passengers were released from the ship after 14 days of quarantine.
7. SGX Nifty is showing almost 60 points gap up.
8. Yesterday Nifty spot closed just above 12K.
9. That is a big positive, considering the bearishness.
10. FM press conference did the trick. Short covering came.
11. FIIs have sold only for Rs 74 crores.
12. In fact DIIs sold for more, they have sold for Rs 310 crores.
13. But FIIs are adding shorts in F&O also.
14. YES bank will be out of Nifty 50.
15. That is why it fell more than 15% yesterday, but recovered later.
16. As and when markets recover, SBI is the stock to watch.
17. Indian market is a high beta market.
18. Always react both sides more than other markets.
19. Today's gap up of 60 point is really not warranted.
20. Yesterday I sold lot of 12100CE in Nifty and some 30800CE in Bank Nifty.
21. I may be in trouble and may have to do something to come out.
22. Kotak Bank is another stock to watch out.
23. During the recent fall of more than 1300 points in Bank Nifty, Kotak did not fall.
24. Nifty expired between 12000 and 12150 for the last three months.
25. This month also, it looks like the same thing will happen.
26. Nifty future may trade between 12000 and 12150 today.