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Pre Market Report, January 2, 2014

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January 02, 2014
1 comment
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January 2, 2014
Time: 8.30 am

Pre Market Report:

  1. Most Asian markets are down slightly.
  2. China Manufacturing PMI came slightly lower than expected.
  3. SGX Nifty is trading lower by about 15 points.
  4. It looks like one more day of no action.
  5. Nifty future tried to go up three times but failed exch time.
  6. Yesterday's FII buy figure was just 10 crores.
  7. Mid caps and small caps started moving up.
  8. We have to see whether there is consistent move or not.
  9. If the move is consitent, then this could be the beginning of an up move by 5 to 6% in Nifty.
  10. Real estate, PSU Banks and Anil Ambani stocks went up yesterday.
  11. Today, Nifty future support is at 6320.
  12. Resistance is at 6380.
Recommendation:

  1. Sell Nifty 5900 Put option.


Written By

Options Trader and Trainer

Comments

  1. Anonymous28 February 2014 at 15:56

    Don't be afraid on changes in Real Estate Investment and try to accept it for our business. We have to follow the flow in order to keep a business that is successful and more capable of establishing a stable place in the market. Do what we have to do in order to keep our business in the verge of success.

    http://www.realestateinvestment-australia.com.au/

    ReplyDelete

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