Pre Market Report, July 25, 2014 | Stocks and Commodities

July 25, 2014
Time: 8.15 am

Pre Market Report:

1. US markets ended mixed.
2. Asian markets are also trading mixed.
3. SGX Nifty is down by 5 points.
4. Today 4 PSU Banks, Allahabad Bank, Indian Bank, PNB and UCO Bank, will declare results.
5. So Bank Nifty is likely to be volatile.
6. Yesterday though markets shot up in the afternoon and closed at all time high, FII buy figure was not impressive.
7. They just bought for Rs 282 crores.
8. So markets are likely to consolidate in the range 7780 and 7840 levels.
9. Anyway Friday afternoon trade is very difficult to predict.
10. I expect some selling towards the end of the day as traders will like to exit their long positions ahead of weekend.