Pre Market Report, May 14, 2021 | Stocks and Commodities

 May 14, 2021

Time: 8 am

Pre Market Report:

1. First some important announcement.
2. Today will be the last day for my blog, from Monday there will be no blog report, only "Pre Market Report" YouTube Video at 8AM (https://youtube.com/PRSundar64)
3. I can understand the some people want only in blog.
4. I have been writing this blog for last 8 years, without even any monetisation, purely out of passion and the urge to share knowledge.
5. I may consider sending mail to those people who really only want to see Pre-Market Report in Text form, in exchange for a small donation to my Charitable Trust (maybe around Rs.1000)
6. However YouTube Video will be free for you.
7. Those who are willing to donate Rs.1000 to receive Pre-Market Report, through email, may fill the Google Form - https://forms.gle/bX9dHwLBX8BvzwX17
8. Based on the response, we will decide.
9. US markets were very volatile.
10. On Wednesday, I felt, US CPI Inflation is going to make huge moves in Global markets.
11. In fact, I exited all my positions. Logic is very simple, if there is any violent move in Global markets, I can sleep peacefully.
12. Exactly that is what happened.
13. Both Wednesday and Thursday, SGX Nifty broke 14500, low being 14456.
14. But yesterday, US markets recovered almost half of the losses.
15. Now SGX Nifty is down just 20, 30 points.
16. Still no problem for me, I may create the same positions today, probably I may lose Rs 5 or Rs 10, but paying that kind of money is far better than carrying huge risk ahead of key events.
17. Asian markets are in Green.
18. Both Wednesday and Thursday, both FIIs and DIIs were net sellers.
19. Together they have sold for Rs 3000 crores in Cash market in these two days.
20. So there will be some selling pressure at higher levels.
21. This series is going to be another one between 14200 and 15000.
22. Now table turned, earlier we had Good Global cues and Bad Local cues.
23. Now we have good Local cues like highest ever GST collection, good IIP data, Inflation data, etc, but Bad Global cues.
24. Huge OI added at 15000CE in monthly expiry.
25. DrReddy, CIPLA, PNB, L&T are some of the key companies that are set to declare results today.
26. PSU pack is looking good, something is cooking there or DIIs buying due to dividend yield?
27. PSU stocks offer good dividend yeild but not PSU Banks. But PSU Banks are also doing very well.
28. Nifty future may trade between 14580 and 14780.