Pre Market Report, September 23, 2014 | Stocks and Commodities

September 23, 2014
Time: 8.30 am

Pre Market Report:

1. US markets closed in Red.
2. Asian markets started in Red.
3. SGX Nifty was trading around 8100, down by about 45 points.
4. But China Manufacturing PMI came at 50.5.
5. Everyone was expecting that to be below 50.
6. This is more important against the backdrop of Chin's statement that they are willing to accept the lower growth and they will not go for any stimulus.
7. So the sentiment has turned from too much pessimism.
8. Now SGX Nifty is trading around 8140, just 10 points lower.
9. From now, it is only expiry related volatility.
10. We are approaching the the expiry with lowest VIX.
11. Today Nifty future should take support at 6080.
12. The resistance will be at 6180.
13. Those who want to make little money in two days can sell Nifty 8000 Put and 8250 Call.