Pre Market Report, March 14, 2018 | Stocks and Commodities

March 14, 2018
Time: 8.35 am

Pre Market Report:

1. US markets fell, due to the ouster of Secretary of State.
2. But the inflation data came favourably.
3. Even China Industrial production data also came very good.
4. Now this political uncertainty is spoiling the sentiment.
5. We fall whenever world markets fall.
6. We also fall whenever world markets rise due to local news.
7. That is the sentiment.
8. When markets are under performing for a long time, when markets turnaround, they will out perform.
9. I will not be surprised if Nifty scales to 11,000 by April end.
10. The only condition is that corporate results have to be good.
11. SGX Nifty is down but holding the yesterday's low.
12. There will be aggressive selling if yesterday's low is broken after half an hour of trading.
13. Sice we have only 10 more trading sessions, writers will start eating the premium as long as markets are range bound.
14. I feel that Nifty will trade between 10200 and 10600.
15. One can sell 10600CE but selling Puts must be done with some protection.
16. Bank Nifty holds the key for turnaround.
17. They keep under performing.
18. Bank Nifty is finding huge resistance at 25000.
19. Now this ban on LOUs.
20. Actually speaking this is good for Indian Banks as exporters now have to borrow from Indian Banks.
21. But only sentiment will play in the short term.
22. We have to see whether TCS can recover after falling 5.5% due to stake sale.
23. Nifty future may trade between 10360 and 10460.