Pre Market Report, November 20, 2015 | Stocks and Commodities

November 20, 2015
Time: 8.45 am

Pre Market Repor:

1. US markets closed almost flat after a choppy session.
2. Asian markets are mixed.
3. SGX Nifty is trading marginally lower, as of now it is at 7843.
4. FII selling has slowed down, but still significant selling is there.
5. Markets are at near term resistance.
6. Yesterday's move was just a short covering.
7. We have to see today if there is any follow up buying.
8. Real action is actually outside the Nifty 50.
9. Nifty future will find stiff resistance at 7920.
10. Until expiry, Nifty is expected to trade between 7700 and 8000.
11. Today we can expect a range bound trade until afternoon and there may be some sharp move towards the end of the day.
12. VIX is trading very low and hence it is better to close the positions if you are an option seller.
13. Volatility may increase towards the expiry.
14. Nifty future is expected to trade between 7800 and 7900.