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Pre Market Report, April 21. 2014

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April 21, 2014
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April 21. 2014
Time: 8.35 am

Pre Market Report:

  1. Most markets are closed for Easter Monady.
  2. Few markets which are open are flat except Japan.
  3. SGX Nifty is trading at 6815.
  4. Markets will react to Reliance results today.
  5. Markets may trade sideways with positive bias.
  6. There are no important news flow today.
  7. Banking stocks will be in focus again as a number of top banks set to announce Q4 results this week.
  8. IT stocks may take back seat as almost all leading IT stocks have announced results.
  9. Nifty future should take support at 6780.
  10. Resistance will be around 6840.
  11. Ukraine problem is still there and markets may ake a little more time to breakout.


Written By

Options Trader and Trainer

Comments

  1. Unknown21 April 2014 at 10:31

    VIX is up 17%. . Now trading at 36.1

    ReplyDelete
    Replies
    1. P R Sundar22 April 2014 at 08:34

      This is actually expected. See the closing price of VIX spot and future on the last trading session. Now you see the closing prices of these two. VIX is expected to peak around this level and then again may shoot up close to May 16.

      Delete

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