Pre Market Report, March 24, 2015 | Stocks and Commodities

March 24, 2015
Time: 8.50 am

Pre Market Report:

1.       US markets closed marginally negative after trading positive for most part of the day.

2.       Asian markets are mixed as expected.

3.       Yesterday both FIIs and DIIs have bought for more than Rs 400 crores each.

4.       Despite the institutional support, markets keep falling.

5.       Even now SGX Nifty is trading about 20 points lower.

6.       It seems that markets will take support only at 100 DMA which is around 8500.

7.       But one big move is due by the end of the expiry.

8.       That move may be on upside or downside. Chances are high for upside move.

9.       People who keep selling Call options making money every day.

10.   People who keep buying put option not making anything due to time decay.

11.   ICICI Bank is still falling even after 20% fall.

12.   Banks, Metals, IT, Auto, Pharma, FMCG, Midcaps all falling. So this may be the final leg of the fall.