Pre Market Report, December 15, 2020 | Stocks and Commodities

 December 15, 2020

Time: 8 am

Pre Market Report:

1. US markets closed negative.
2. As usual people say, Corona Virus surge.
3. Fall was due to profit booking. 
4. Markets all over the world are trading either at or near all time high.
5. It is normal for people to book profits.
6. Asian markets are mixed.
7. SGX Nifty is down by 30, 40 points.
8. Yesterday morning, we opened higher at fresh all time high, due to Global cues.
9. Then as usual DIIs booked profit, dragging Nifty more than 100 points.
10. Then as usual FIIs entered and Nifty recovered.
11. FIIs reduced their buying in Cash market.
12. DIIs also reduced their selling.
13. Going forward, we can expect this trend to continue.
14. Markets are hitting all time high without the help of Reliance and HDFC Bank, top 2 stocks in Nifty 50.
15. Yesterday and well as day before yesterday, Nifty was up but on both days India VIX was also up.
16. Now there is a fear on the upside.
17. Premiums are not falling.
18. We have only 12 more trading sessions, still Nifty 13000PE trades more than Rs 50 and Nifty 14000CE trades more than Rs 45.
19. Markets are choppy but range bound for the last few days.
20. Reliance is struggling around 2000.
21. HDFC Bank is struggling around Rs 1380.
22. Kotak Bank and ICICI Bank did very well yesterday.
23. CPI Inflation data came below 7 and that is a good news.
24. US Fed meeting starts today.
25. But that will be a non event for markets now.
26. Auto stocks came under profit booking yesterday.
27. PSU Stocks continued to do well.
28. Focus is on Reliance and HDFC Bank, as long as these two stocks are not moving higher, Nifty can consolidate with negative bias.
29. If markets consolidate, momentum traders will like to book profits.
30. Nifty future may trade between 13480 and 13620