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January 20, 2014
Time: 8.30 am
Pre-Market Report:
January 20, 2014
Time: 8.30 am
Pre-Market Report:
- US markets closed mixed on Friday.
- Most Asian markets are down marginally.
- China GDP data came slightly lower than the expectation.
- China Manufacturing index also came slightly lower than expectation.
- SGX Nifty is trading about 15 points lower than our close here.
- Reliance good results should support the market.
- Wipro also declared good results and IT stocks also may take support here.
- This whole week will not be an action packed week.
- Markets will go up one day come down the next day with small swing of around half a percent.
- Today Nifty is expected to take support at 6220 and resistance around 6300.
- Sell Ranbaxy 360 Put option and 460 call option.
- Sell Cipla 400 Put option and 450 Call option.
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