Pre Market Report, May 6, 2014 | Stocks and Commodities

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May 6, 2014
Time: 8.45 pm

Pre Market Report:

1. We could not write post market report yesterady.
2. We had nothing to write except FII buy figure of Rs 280 Crores and DII selling of Rs 225 Crores.
3. Otherwise it is the same story again, high volatile, flat close, FII buying, DII selling, VIX up, Premiums up.
4. US markets opened lower due to Ukraine crisis but recovered nearly 150 points and closed positive.
5. Japan, South Korea and Hong Kong markets are closed.
6. Other markets are marginally positive.
7. SGX Nifty is trading around 6745, just 10 points above yesterday's close here.
8. Markets are expected to be sideways with high volatility.
9. VIX is trending higher.
10. Option premiums are shooting up.
11. People are crazy, they are buying May 8350 Call option for Rs 4.50.
12. For sellers this give a return of more than 2%.
13. No matter how good the election results, Nifty is not going to expire above 8350 by end of May.
14. Today again Nifty support at 6680 and resistance at 6780.