Pre Market Report, June 19, 2014 | Stocks and Commodities

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June 19, 2014
Time: 8.40 am

Pre Market Report:

1. Once again the internet did not work at my home and we could not bring Post Market Report yesterday.
2. Markets were highly volatile yesterday.
3. Iraq rebels advance was stated as reason.
4. But if that was the case, other world markets should have fallen.
5. But no market fell.
6. So it is the high beta nature of our market due to excessive speculation.
7. Today again Nifty is likely to cross 7600.
8. Markets are highly volatile within a range.
9. If you keep short strangle position at a reasonable distance you will make lot of money.
10. SGX Nifty is trading about 25 points higher.
11. If Nifty future sustains above 7620, then Nifty is likely to resume pre budget rally and another all time high will be imminent before the expiry next week.
12. Until then by keeping short strangle at a distance, enjoy the profit.
13. Bank Nifty 14000 Put and 16000 Call stangle can give you 4% return in the next 6 trading sessions.
14. Bank Nifty is not likely to go above 16000 or below 14000.