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

 November 13, 2020

Time: 8 am

1. US markets closed negative.
2. Corona virus cases surging in US.
3. Vaccine news is fizzling out.
4. Pfizer CEO sold hos shares after the Vaccine news.
5. Remember few months before, Moderna promoters also sold just after their announcement of Vaccine.
6. SGX Nifty is down by 70 points.
7. I said earlier that markets are likely to consolidate with huge volatility.
8. Yesterday we consolidated with huge volatility.
9. Now Nifty 12800 will be the huge resistance.
10. Bank Nifty will face resistance at 29000.
11. FIIs bought just for Rs 1514 crores, much less than average figure of Rs 5000 crores for the last 5 days.
12. DIIs have sold for Rs 2239 crores.
13. First time, DII selling is more than FII buying.
14. There is some long unwinding in F&O also.
15. After so many days, India VIX fell meaningfully.
16. Yesterday Nifty fell, still Put options also fell.
17. Now markets may consolidate between 12400 and 12800 for the rest of the series.
18. However, volatility may continue.
19. Reliance is struggling around 2000.
20. CPI inflation was higher.
21. IIP data came marginally positive after so many months of negative data.
22. We have only 9 more trading sessions as Monday is a holiday.
23. Option premiums may continue to fall.
24. Nifty may trade between 12580 and 12720.