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

November 26, 2015
Time: 8.15 am

Pre Market Report:

1. US markets closed almost flat.
2. But Asian markets are mostly in Green.
3. That is due to expectation of further stimulus from Europe today evening.
4. SGX Nifty is trading around 7850.
5. Nifty has been trading in the band 7800 - 7900 for the last few sessions.
6. There is another warning letter from US FDA for Dr Reddy and its share price is likely to fall further. It has already fallen nearly 25% in the last one month.
7. But ADR prices did not react to this news and ended almost flat.
8. Hero Moto will also be in focus as Bain Capital is selling about Rs 800 crore worth of shares today.
9. Afternoon trade will be affected by development in Parliament.
10. Bulls are 'intolerant' to the issue of 'intolerant'.
11. Nifty future is expected to trade between 7820 and 7880 until 2.30 pm.
12. After 2.30 pm, some sharp move is expected on either side.
13. Highest open interest among Put is at 7800 and surprisingly highest open interest among Calls is not at 7900, it is at 8000.
14. Turkey shot Russian fighter jet issue has been digested by the markets, so our markets are opening slightly higher, but will it sustain?
15. Bull case senario: Nifty will expire around 7920.
16. Bear Case senario: Nifty will expire around 7780.