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Pre Market Report, November 3, 2015

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November 03, 2015
6 comments
November 3, 2015
Time: 8 am

Pre Market Report:


  1. US markets closed in Green.
  2. Nasdaq ended at 15 year high.
  3. Asian markets are up. Japan is closed.
  4. SGX Nifty is trading above 8100.
  5. Yesterday markets reversed from an important support level that too without any support from DIIs.
  6. Two important things to note: one, markets are reacting to fundamental news only, those companies declaring bad results are punished heavily and those companies declaring good results are rewarded, second, markets recovered from the support level without DII support.
  7. So since there are no more important results for the next two days, markets are likely to be in sideways consolidation mode.
  8. Only on Friday, there are many Nifty 50 companies declaring results.
  9. So markets may move sideways between 8000 and 8200 until Thursday and may make big moves on Friday and Monday.
  10. Until Thursday VIX may move with a positive bias and may crash on Friday.
  11. Even Nifty December 7000 Put was trading above 30 yesterday, I sold at Rs 31.
  12. Bank Nifty current month 15000 Put was trading at Rs 20 yesterday.
  13. All these subside when VIX crashes on Friday.
  14. Tech Mahindra, Power Grid, DLF, GAIL, Adani Power, Reliance Power will be in focus today as they declare results today.
  15. Metal stocks fell yesterday and there may be some recovery due to China market today.
  16. Nifty future may find resistance at 8120.
  17. Nifty future is expected to trade between 8050 and 8140.
DISCLAIMER
The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Readers are advised to consult their Financial consultants before taking any position. The analysis is partially Technical and partially Fundamental. The views expressed are the Author's own views.




Written By

Options Trader and Trainer

Comments

  1. Chandrasekar3 November 2015 at 08:07

    Sir for nifty marging money 6500.

    For stocks how much margin money.for example Dr.reddys lab.this also very low margin in your broking company.

    ReplyDelete
  2. Chandrasekar3 November 2015 at 08:08

    Sir for nifty marging money 6500.

    For stocks how much margin money.for example Dr.reddys lab.this also very low margin in your broking company.

    ReplyDelete
  3. P R Sundar3 November 2015 at 09:50

    Margin money differs for different companies. There are many online sites that show you the margin money required (Span Margin and Exposure Margin Separately)

    One such site is https://zerodha.com/margin-calculator/SPAN/

    We charge only Span Margin for those who follow my style.

    Thanks.

    ReplyDelete
  4. Latest Yojana Updates3 November 2015 at 18:19

    Any update Regarding - Bihar Election Result 2015? . When is Live Vote Counting is going to take place

    ReplyDelete
    Replies
    1. P R Sundar3 November 2015 at 18:38

      Exit poll results will be out on Thursday evening and it will be factored in on Friday. The counting is on Sunday and the results will completely out by the evening, so on Monday it will be gap up or gap down.

      Delete
  5. stock market adviser5 February 2016 at 16:34

    Here you provide good news, this time I am searching some accurate nifty future tips for trading.

    ReplyDelete

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