Pre Market Report, February 19, 2014 | Stocks and Commodities

Sponsored by

February 19, 2014
Time: 8.30 am

Pre Market Report:

1. US markets ended mixed.
2. Most Asian markets are down slightly.
3. SGX Nifty is almost flat, trading at 6135.
4. Yesterday's rally was restricted to banking stocks.
5. It was not a broad based rally.
6. Also Nifty spot faced resistance at 6150 a number of times.
7. If Nifty spot crosses 6150, then Nifty will expire between 6280 and 6320 next week.
8. If not, it will be swinging between 6000 and 6150.
9. Now the consensus is that Nifty will trade between 6000 and 6200.
10. Today Nifty future will face resistance at 6180.
11. Support is at 6100.
12. Auro Pharma is under "ban"

 Recommendation:

1. Sell Nifty 5950 Put option and 6300 Call option, as Nifty is expected to trade between 6000 and 6300.
2. Sell Bank Nifty 10000 Put option and 11000 Call option.