Pre Market Report, March 25, 2014 | Stocks and Commodities

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March 25, 2014
Time: 8.20 am

Pre Market Report:

1. US markets fell in the first half but recovered in later.
2. Asian markets are down but moderately.
3. Yesterday Asian markets were up, Europe was down.
4. Today Asian markets are down, Europe is likely to be up. UK futures is up as of now.
5. SGX Nifty is trading around 6600.
6. The volume is SGX Nifty is very high.
7. Asia is down, Reliance will be down due to Election commission order not to hike gas prices, but FII buying will continue.
8. After such a huge rise yesterday logically markets should consolidate.
9. But since we are very close to expiry, things may not happen that way.
10. If Nify future crosses 6620 and starts trading firmly above that level, then expiry will be around 6680.
11. This was the level we reported last week.
12. But then the markets were very week after Fed announcement, so we revised the target down.
13. But it seems that we have to revise again upwards.

Note:

1. Whatever we recommended in our weekly video, the upper end has reached within 15 minutes yesterday.
2. That is why we always advise to take your own call, after markets open and settle down on Monday.
3. This is because things may change between Saturday when we prepare the recommendation and Monday when markets open.
4. Truly speaking, I create position on Thursday or Friday, so that options enjoy the time value over the week end.
5. For example, last Sunday, I have given United Spirits 2500 Put and 3000 Call. Yesterday it fell by 100 rupees. But still those who have created positions on Friday would have made huge profits. Despite the share falling by Rs 100, 2500 Put fell by Rs2.30. But look at 3000 Call, it fell by Rs 9.40.
6. This is the reason why our portfolio management is doing better than people who follow our blog.
7. But we do not have time to write the blog on Thursday or Friday.
8. Again, since we are giving all recommendation in our blog at free of cost, we have to make some difference to the people who give us money to manage.
9. Since we are charging 25% commission on profits made, we have to make at lest 25% more profit when we do manage the portfolio, than a person who is just reading our blog and making investment. 
10. But still people who follow our blog have made lot of money.