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

November 24, 2015
Time: 9 am

Pre Market Report:

1. I could not write the 'Post Market Report' yesterday due to some personal work.
2. US markets closed lower.
3. Asian markets are marginally down.
4. SGX Nifty is trading around 7820.
5. Yesterday FII selling was less than 100 crore in cash market.
6. DII buying was also less than 100 crores.
7. So the markets are left to F&O traders.
8. Markets will make two way movements when F&O people are very active.
9. Nifty future should take support at 7820, failing which it may fall ti 7780.
10. Nifty future is likely to trade between 7780 and 7880.
11. Auro Pharma was up yesterday as expected.
12. I have long position in Auro Pharma which I have mentioned in the blog about 2 weeks before.
13. I took long position at 820 and sold 820 Call and 900 Call.
14. Maruti is the stock, everyone say, the major beneficiary of 7th Pay Commission.
15. So watch these two stock both of them trading closer to their respective 52 week highs.
16. Today markets will be volatile, may make some sharp moves towards the end of the day.