Pre Market Report, July 14, 2016 | Stocks and Commodities

July 14, 2016
Time: 8.55 am

Pre Market Report:

1. Markets all over the world are in a consolidation mode.
2. But consolidation is good, they are not falling even after such a huge run up.
3. Our markets are no different.
4. We are likely to consolidate between 8480 and 8580 for another day or two.
5. Infosys and TCS results may change the course.
6. Yesterday once again FIIw were net buyers in Cash market though DIIs have sold heavily.
7. SGX Nifty is trading marginally higher.
8. Yesterday though markets are slightly down, Nifty 8900 Call option premium was up.
9. The open interest at Nifty 8900 Call has more than doubled in just one trading session.
10. There are only two more weeks, 8900 is clearly 400 points away and yet the open interest doubling in just one day.
11. This indicates that many people feel that Nifty may go to 8900 if GST bill is passed.
12. Yesterday India VIX was up, both Call and Put premiums were up.
13. Markets closed almost flat indicating indecisiveness.
14. Both Nifty 8400 and 8300 Put options added more than a lakh shares in open interest.
15. Today will be the calm before storm.
16. From tomorrow the action will be very good starting with TCS and Infosys results.
17. Nifty future is likely to trade between 8480 and 8580.
18. TCS, Infosys will be in focus ahead of their results.
19. L&T will be in focus as L&T Infotech got good subscription.
20. Reliance will also be in focus though results are due on Saturday.