Pre market Report, November 13, 2014 | Stocks and Commodities

November 13, 2014
Time: 8.40 am

Pre market Report:

1. Globally, markets are firm despite trading at multi year highs.
2. India and japan are out performing other markets mainly due to political change.
3. For India, other than stable government, all other things are also in its favor.
4. Today good news is coming from three sides.
5. Better than expected IIP data, better than expected Inflation data, Crude oil breaking below US$80 are all good news for our markets.
6. Also continued buying in cash market by FIIs.
7. Bank Nifty broke out yesterday and it is likely to touch 18000 by expiry.
8. Today Nifty future should trade between 8380 and 8460.
9. Consider selling 8200 Put option if Nifty future coming down to 8380 level.
10. Cipla, Sun Pharma, DLF will declare results.