Pre Market Report, January 15, 2014 | Stocks and Commodities

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January 15, 2014
Time: 7.45 am

Pre Market Report:

1. US markets rose after strong retail sales data.
2. Most Asian markets are up.
3. SGX Nifty is trading marginally higher.
4. Crude oil and gold are trading stable.
5. Crude oil trading much lower than US$110 is positive for Indian markets.
6. Rupee is expected to open higher, below Rs 61.50 per dollar.
7. Yes Bank results are key for Bank Nifty movement.
8. Tomorrow Axis Bank, TCS, HCL Tech. will declare results.
9. So again action will be in Banking and IT stocks.
10. Markets can rise significantly only if Bank Nifty crosses 11500.
11. For today the support is at 6240 and resistance is at 6300.

 Recommendation:

1. Sell Yes Bank 300 Put option and 400 Call option.