Pre Market Report, June 18, 2014 | Stocks and Commodities

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June 18, 2014
Time: 8 am

Pre Market Report:

1. US markets traded both ways and ended marginally higher.
2. Asian markets are mixed, some are marginally higher and some marginally lower.
3. SGX Nifty is also trading about 15 points lower.
4. Yesterday's selling by both FII and DII and not so good global cues will keep our markets under pressure.
5. Though Nifty and Sensex were up, Bank Nifty was down.
6. There are no major news flow today.
7. Fed meeting begins today, out come will be known tomorrow.
8. Ahead of such keys events, markets all over the world will be choppy and sideways.
9. Iraq problem has not come to an end.
10. So for next few days markets are expected to trade within a range.
11. Good time for short strangle traders.
12. Just look at yesterday's close and previous day's close of Bank Nifty 14000 Put and 16000 Call option.