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Pre Market Report, November 21, 2014

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November 21, 2014
2 comments
November 21, 2014
Time: 8.55 am

Pre Market Report:


  1. US markets closed at record high once again.
  2. Asian markets are mixed.
  3. SGX Nifty has been trading almost flat, now at 8420.
  4. FII selling yesterday will make sure that upside is limited today.
  5. At the same time, downside also limited as every time when Nifty went below 8350, support came.
  6. Again, today being Friday, it difficult to predict the trade after 2 pm.
  7. Traders will like to square off their trades ahead of week end holidays.
  8. Nifty future likely to trade between 8360 and 8460.
  9. If Nifty trades below 8380, then one may sell 8200 Put option.
  10. If Nifty trades above 8440, then one may sell 8600 Call option.
  11. If nothing goes wrong, Nifty is expected to expire between 8320 and 8520.



Written By

Options Trader and Trainer

Comments

  1. CapitalStars0721 November 2014 at 10:09

    INDIAN BENCHMARK are likely to open on a flattish note today tracking subdued cues from Asian markets . SGX Nifty is trading 4.50 points higher.
    stock tips

    ReplyDelete
  2. Pooja Pariya21 November 2014 at 14:13

    Shriram EPC promoters increase shareholding as part of CDR scheme.
    Nifty Futures Tips

    ReplyDelete

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