Pre Market Report, May 19, 2014 | Stocks and Commodities

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May 19, 2014
Time: 8.15 am

Pre Market Report:

1. Friday markets were very volatile as expected.
2. But finally closed much lower than the expected range of 7400 to 7500 in Nifty.
3. We did not come out with Mid Market Report and Post Market Report as there was nothing to write except election results.
4. Also we did not write the "Dalal Street Week Ahead" as once again it is the formation of Govt, and Ministry allocation will dominate the markets.
5. For example, today most Asian markets are down, Chin is down by more than a percent, but DGX Nifty is up by about 80 points.
6. We also did not come out with "Weekly Strategy" as we have decided to come out on every Friday instead of Sunday.
7. For this week, we will write today afternoon.
8. This change is based on a number of feedback that we received from our readers.
9. Markets are likely to continue to trend up ad FIIs are pouring in money in cash market.
10. On Friday, FIIs have bought for Rs 3635 crores while DIIs have sold for Rs 349 crores.
11. Friday's fall in the afternoon is because of speculative positions created prior to election results. Also only the trend was available by that time. Now complete results are out. So Nifty is likely to open about 80 points higher today.