Pre Market Report, March 31, 2016 | Stocks and Commodities

March 31, 2016
Time: 8.10 am

Pre Market Report:

1. US markets closed higher once again as ADP Non Farm Payroll data came as expected.
2. But Asian markets are mixed.
3. Both Hong Kong and Japan are trading both in Red and Green alternatively.
4. SGX Nifty hit a high of 7780 yesterday night but now trading almost flat at 7745.
5. Bank Nifty shot up nearly 500 points yesterday which nobody expected.
6. Metal stocks were firm as Govt. extended anti dumping duty.
7. Today's market will be volatile.
8. Nifty may expire anywhere between 7720 and 7780.
9. Last one hour of trade will be very important.
10. Nifty 7700 Put has the highest open interest among Puts.
11. Nifty 7800 Call has the highest open interest among Calls.
12. So the expectation is that Nifty will expire between 7700 and 7800.
13. FIIs huge buying in Cash markets is likely to support the markets at lower levels.
14. Nifty is likely to take support at 7700 and resistance will be at 7780.