Pre Market Report, October 15, 2015 | Stocks and Commodities

October 15, 2015
Time: 8.15 am

Pre Market Report:

1. US markets closed lower.
2. But the economic data from US indicated that Fed might delay the rate.
3. Taking the cue, Asian markets are mostly in Green.
4. Asian makets fell for the last two days, so value buying also emerged.
5. SGX Nifty is trading around 8150, the high of yesterday.
6. Nifty future traded within a small range of 40 points yesterday.
7. But Bank Nifty was firm.
8. SBI was resilient though BOB and PNB fell, Axis Bank was firm though ICICI fell.
9. SO far IndusInd Bank, Infosys, TCS, Zee and HUL came out with results and all those shares fell just after results.
10. FIIs were once again on the buy side in Cash market.
11. So there are some positive and negative cues that makes Nifty to consolidate.
12. Nifty future is expected to trade between 8100 and 8250 according to many technical analysts.
13. Nifty may consolidate between 8100 and 8200 until tomorrow and on Monday markets may make some big moves.
14. On Monday, China will declare its GDP data that is expected to be worst in the last many years.
15. But that may not be a surprise negative as every one knows that and we do not know how much that has been factored into the markets.
16. Today action may be in mid caps and small caps as many good companies declare results.
17. Tata Motors may continue to fall due JLR news.
18. Auro Pharma crossed 800 yesterday and selling 860 Call is a good idea.
19. There are only 9 more trading sessions after today's trade and option premiums are likely to fall.
20. In my 'October Outlook' I suggested selling 17200 Call and Put in Bank Nifty and as of yesterday, it has given Rs 300 per share as profit, i.e. Rs 7500 per lot.