Pre Market Report, August 12, 2014 | Stocks and Commodities

August 12, 2014
Time: 7.45 am

Pre Market Report:

1. US markets closed positive.
2. Most Asian markets are up.
3. Hong Kong and China are marginally down.
4. SGX is trading above 7680.
5. Since yesterday FIIs did not sell much, the real short covering may come today.
6. Call option premiums did not react yesterday.
7. They may react today.
8. Tata Motors was up by 7.5% in US.
9. Since it has gone up by 3% yesterday, it may open gap up by 4% today here.
10. BHEL, Coal India, Oil India and SUn Pharma will declare results today.
11. Today evening IIP data and CPI data will be declared.
12. Both are expected to be good.
13. So short covering will happen towards the end of the day even if there is selling in between in the morning.
14. Nifty future is likely to trade between 7640 to 7720.
15. Nifty future is likely to consolidate in the range of 7680-7720 for next few days.