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Pre Market Report, March 31, 2014

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March 31, 2014
5 comments
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March 31, 2014
Time: 8.30 am

Pre Market Report:


  1. Most Asian markets are up.
  2. There is a hope of stimulus from China.
  3. Russia-Ukraine problem is also subsiding.
  4. SGX Nifty is up about 30 points.
  5. So as we reported in our "Dalal Street Week Ahead", Nifty is likely to open about 30 points higher.
  6. Banking stocks will be volatile ahead of RBI policy.
  7. RBI is expected to maintain status quo, as RBI will try to avoid controversies due to Election Code of Conduct.
  8. Rupee closed below 60 on Friday.
  9. Any further appreciation, IT stocks will not going down.
  10. Nifty future is likely to trade between 6720 and 6800 today.



Written By

Options Trader and Trainer

Comments

  1. Unknown31 March 2014 at 14:07

    Kudos to your analysis on nifty future.It broke your analysis of support 6720 after quite some time since morning.I did cover 6700Put fearing that nifty future will take support at 6720. But pity it broke that level.Regards and happy trading.
    Martin.

    ReplyDelete
  2. P R Sundar1 April 2014 at 08:42

    Thanks for your comment. We are not intraday traders. Our daily views are just a guidance. Most of the time, Nifty overshoots by 10 to 20 points on either side. Yesterday we gave support as 6720, but it went below that but closed within the range. So please do not use our views for day trading. We always do positional trade. This month most of our money was blocked at 6200 Put option and 7100 Call option. Yest we are getting 5% return for our investment. Making 5% return consitantly over a period of 30 years with just one lakh rupees, do you know how much money you can make? Believe me, you can make Rs 10000000000000. If in doubt, ask some dody who is good at Maths.

    ReplyDelete
  3. Nirmal1 April 2014 at 12:08

    one lakh cr, equivalent to Mukesh's cash reserves :)

    ReplyDelete
  4. Unknown1 April 2014 at 14:30

    Nirmalji,
    It is ten lakh crores. One followed by thirteen zeros.
    Amazing ?

    ReplyDelete
  5. P R Sundar1 April 2014 at 18:33

    Sorry there is a small error. It is 6% per month. You take a calculator and do a simple calculation. At 6% per month cumulative, your money will double in one year.

    Year Money ( In Lakhs)
    Now - 1
    1 2
    2 4
    3 8
    4 16
    5 32
    6 64
    7 128
    8 256
    9 512
    10 1024
    11 2048
    12 4096
    13 8192
    14 16384
    15 32768
    16 65536
    17 131072
    18 262144
    19 524288
    20 1048576
    21 2097152
    22 4194304
    23 8388608
    24 16777216
    25 33554432
    26 67108864
    27 134217728
    28 268435456
    29 536870912
    30 1073741824

    ReplyDelete

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