Pre Market Report, December 16, 2020 | Stocks and Commodities

 December 16, 2020

Time: 8 am

Pre Market Report:

1. US markets closed higher.
2. Asian markets are higher.
3. SGX Nifty indicates another all time high open.But nothing to worry.
4. There will be intraday fall due to DII selling.
5. It is an unbelievable game, FII keep buying and DII keep selling for more than 2 months.
6. In last few months alone, FII buying has crosses Rs 1 lakh crore.
7. Yesterday, it was the day of Bajaj Twins.
8. Bajaj Finance shot up 5%, after crossing all previous all time high.
9. RBI seems to be announcing some liquidity measures for NBFCs.
10. Housing Finance comapnies like HDFC and LIC Housing Finance also have done very well.
11. Bank Nifty was very volatile, as usual.
12. HFDFC Bank broke previous day's low and then recovered.
13. It was HDFC Bank and Kotak Bank that supported Bank Nifty while ICICI Bank and Axis Bank fell.
14. Reliance is still struggling below Rs 2000, closed Rs 17 lower, main drag for Nifty.
15. Today US Fed policy announcement.
16. As for as interest rate is concerned, it is likely to be status quo.
17. But Fed comment about Economy is more important.
18. If there is hawkish comment, markets will go for profit booking.
19. Parliament panel suggesting for GST cut for Auto sector.
20. Yesterday Auto stocks did very well.
21. Yesterday, as usual, Nifty fell more than 100 points.
22. Markets took support at lower levels and then shot up above prvious day close.
23. Nifty future briefly traded above 13600.
24. Nifty 13000PE closed below Rs 50 for the first time.
25. We ghave only 11 more trading sessions.
26. Still Option premiums are very high.
27. India VIX refuses to come down.
28. I am expecting, one day, India VIX to crsh 5 to 10% before the end of this expiry.
29. Will not be surprised, if that happens tomorrow.
30. Nifty future may trade between 13520 and 13680.