Pre Market Report, December 31, 2015 | Stocks and Commodities

December 31, 2015
Time: 8.15 am

Pre Market Report:

1. US markets fell in the last one hour of the trading sessions.
2. But this fall will be ignored by Asian markets due to less volume and year end factors.
3. Asian markets are mixed.
4. SGX Nifty is trading about 10 points higher.
5. There was a significant addition of more than 10 lakh in open interest at both 7850 Put and 7950 Call.
6. This means that option sellers expect Nifty to expire between 7840 and 7960. (Since the total premium was about Rs 10)
7. It was one day up and one day down for our markets in the last two weeks.
8. Markets are expected to be flat in the first half of the session.
9. There may be some sharp reaction in the last one hour on either direction.
10. The chances are high it will be on the higher side towards 7950.
11. Earlier people expected Nifty to expire around 7980, now the expectation has come down to 7940-7950 level.
12. The fall in crude oil and IMF chief Christine Lagarde's statement that world growth will be slow in 2016 had some effects in international markets yesterday.
13. IT stocks and Reliance were responsible for yesterday's fall here.
14. PSU Banks also fell, PNB hit a fresh 52 week low yesterday.
15. This expiry may be volatile due to low volume and expiry related issues.