Pre Market Report, February 12, 2014 | Stocks and Commodities

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February 12, 2014
Time: 8.30 am

Pre Market Report:

1. US markets rose again, third day of triple digit gain for Dow.
2. First when Janet Yellen spoke about Fed Tapering, it was taken as negative news.
3. But later it was viewed as positive as it reflects the economic recovery.
4. Also Debt ceiling issue has been resolved.
5. Trade data from China has come surprisingly positive.
6. All these contributed to the positive sentiment in Asia.
7. Most Asian markets are up.
8. SGX Nifty is trading at 6115.
9. Nifty future is likely to find resistance at 6150.
10. Nifty future should find support at 6080.
11. Still FIIs are in sell mode which is a cause for worry.

Follow Up:

1. Those who have sold Tata Motors options, sell additional puts as suggested yesterday, if you have not done.
2. Today Auro Pharma has come out of "Ban". Those who have sold 400 Put and 530 Call, sell additional puts of strike 450 and below.