Pre Market Report, February 12, 2015 | Stocks and Commodities

February 12, 2015
Time: 815 am

Pre Market Report:

1. US markets closed mixed.
2. Asian markets are all marginally down except Japan
3. There are conflicting reports from Greece front, some saying there is some headway in discussion and some say the discussion was a failure.
4. There are many news that markets are not taking note of
5. One, there is a report saying that this year monsoon will be normal. That is an early indicator. This will be a very positive news in the medium to long term perspective
6. Second, there is a news that GAAR may be deferred by two more years This is very positive on FII front FII flow is likely to increase if this is true.
7. Third, unsponsored ADR of about 50 Indian shares are propsed to be listed in the OTC markets of US.
8. This is positive for all those stocks concerned and that will lift the overall sentiment. (Hedging is possible in these stocks in the international market)
9. FII selling slowed down. In the last two days, SGX Nifty levels did not reflect the reality Both days SGX Nifty traded lower but markets here closed significantly higher
10. Today also the same may happen SGX Nifty is trading around 8665.
11. As long as Nifty cash holds 8620, Nifty will continue its uptrend in the short term.
12. Yesterday 23 F&O stocks shot up by 4% to 10% Particularly, a banking stock shot up by 10% after results
13. Today Bank of India will be in focus as its results are due.
14. BHEL will also be in focus as results are due and OFS issue arbitragers will have a field day if BHEL rises after the results.
15. Nifty future is expected to trade between 8620 and 8720
16. Option premiums are still very high. One may consider selling Nifty 8300 Put and 9000 Call. After today, there are only 9 trading sessions. In this 9 trading sessions, Nifty is not expected the breach the range of 8300 - 9000.