Pre Market Report, January 22, 2014 | Stocks and Commodities

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January 22, 2014
Time: 8.15 am

Pre Market Report:

1. US markets closed mixed.
2. Most Asian markets are up.
3. But SGX Nifty is down by about 15 points.
4. This is due to FII selling figure yesterday.
5. FII buying one day and selling one day continues.
6. So Nifty up one day and down one day also continues.
7. Today may be a good day as it starts lower.
8. If markets start lower, then good news like good Q3 results from L&T and HDFC and good European cues, then by short covering Nifty may go up in the afternoon trade.
9. Crude oil is trading around US$105.
10. Gold is also almost flat.
11. Rupee is expected to trade between 61.50 and 62.
12. Nifty future is expected to trade between 6300 and 6360 today.

Recommendation:

• Sell L&T 1100 Call option and 920 Put option.