Pre Market Report, February 26, 2015 | Stocks and Commodities

February 26, 2015
Time: 8.40 am

Pre Market Report:

1. I could not write 'Post Market Report' yesterday as I was too busy.
2. Even if I have written, it would be a copy of the previous day's report.
3. Bank Nifty once again dragged the markets down.
4. FIIs have created short positions in F&O for Rs 10500 crores.
5. When the markets fall, there will be huge short positions by traders.
6. My bullish bet has gone wrong, yesterday I expected Nifty to close between 8800 and 8850 and that did not happen.
7. So today Nifty expiring around 8900 is very difficult.
8. Markets may trade sideways with some positive bias for most part of the day and there may be a very sharp move after 3 pm.
9. There is every possibility Bank Nifty may move 300 to 400 points in the last half an hour of trade as there is huge short positions are build.
10. People will try to guess about Budget based on Railway budget outcome.
11. World markets keep going up, FIIs keep buying and still our market are keep coming down or struggling to move even marginally.
12. This is the reason why some people expect a sharp move after 3 pm.
13. In fact the same opinion was aired in CNBC Asia channel today.
14. In that case Nifty may expire between 8800 and 8900.