Pre Market Report, March 24, 2014 | Stocks and Commodities

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March 24, 2014
Time: 8.15 am

Pre Market Report:

1. On Firday, US markets hit all time high intraday but closed marginally lower.
2. Asian markets are up.
3. Manufacturing PMI data from China was not good.
4. Despite that Hong Kong and China markets are trading positive.
5. SGX Nifty is trading around 6540.
6. Nifty 6400 Put option has highest open interest in puts.
7. Nifty 6600 Call option has highest open interest in calls.
8. So if there are no negative surprises, then Nifty should expire in the range of 6580 - 6600.
9. Bank Nifty will do better today.
10. Markets will be volatile as this is expiry week.
11. Nifty future should fond support at 6500 and resistance at 6580.