Pre Market Report, March 5, 2014 | Stocks and Commodities

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March 5, 2014
Time: 8.30 am

Pre Market Report:

1. US markets rose more than it fell the previous day.
2. Most Asian markets are up.
3. SGX Nifty is trading about 35 points higher.
4. Today, election dates will be announced.
5. Every day there is some good news for BJP and there is some bad news for Congress.
6. In Tamil Nadu, Congress is left alone.
7. In AP, TRS is not aligning with Congress.
8. In Bihar, Lalu has not given any green signal.
9. All these point to a decisive government after election.
10. That is a very good news for stock markets.
11. Today Nifty future will face resistance at 6380.
12. Support will be at 6340.

 Recommendation:

1. Sell Nifty 6100 Put option and 6600 Call option. 
2. Sell Auro Pharma 470 Put option and 600 Call option.
3. Sell Karnataka Bank 90 Put option and 130 Call option.