Pre Market Report, February 13, 2017 | Stocks and Commodities

February 13, 2017
Time: 8.35 am

Pre Market Report:

1. US markets closed higher on Friday.
2. All Asian markets are trading in Green.
3. SGX Nifty is trading close to 8850.
4. Last week Nifty future has been consolidating between 8732 and 8843.
5. But today it is likely to open above the high of last week.
6. We need to see whether the range will be broken or there will be another round of profit booking.
7. FIIs were net buyers in all three segments, Cash, Index Future and Stock Future, on Friday.
8. Though Nifty future is likely to open gap up and may open at the highest point of the series, sustaining the momentum is a question mark.
9. Markets may consolidate, may be on the higher level.
10. This week there are no major triggers.
11. Hence markets nay consolidate between 8720 and 8920.
12. Nifty 9000 Call has the highest open interest of about 69 lakh shares, about 7.5 lakh more shares than Nifty 8500 Put which has the highest open interest among Puts.
13. Over the weekend, results came as per expectations.
14. Bank of Baroda declared good results, Idea declared bad results due to JIO effect, Coal India has posted a bad set of results.
15. Nifty future is likely to face stiff resistance at 8880.
16. It may take support at 8780.