Pre Market Report, April 25, 2016 | Stocks and Commodities

April 25, 2016
Time: 8.15 am

Pre Market Report:

1. Asian markets are all marginally lower.
2. SGX Nifty is trading around 7900.
3. Reliance will be in focus after good quarterly results.
4. Markets will find support at the lower levels as FIIs continue to be on the buy side in Cash market.
5. Markets will be volatile due to expiry.
6. Nifty 7800 Put has the highest open interest among Puts and Nifty 8000 Call has the highest open interest among Calls.
7. Though markets will be volatile, Nifty is expected to expire between 7800 and 8000.
8. Parliament session starts today, usually markets will be in downtrend when parliament session is on.
9. No big companies reporting earnings today.
10. Tomorrow, Axis Bank, Maruti and Bharti Infratel will be reporting quarterly numbers, so focus will be shifting to these companies.
11. Both Maruti and Axis Bank have seen good amount of short covering in the last few days.
12. US and Japan central bank meeting will also be in focus in the next two days.
13. Today Nifty future should find support at 7860 in my opinion.
14. Resistance will be at 7950.