Pre Market Report, August 13, 2014 | Stocks and Commodities

August 13, 2014
Time: 8.30 am

Pre Market Report:

1. US markets ended marginally lower.
2. Despite that, many Asian markets are marginally up.
3. SGX Nifty is down by about 20 points, trading around 7730.
4. This is because of bad IIP data and Inflation data.
5. But the downside will be limited as FIIs have turned net buyers.
6. ONGC and Tata Steel will declare results.
7. Markets are likely to consolidate ahead of long weekend and important announcements on August 15 by PM.
8. VIX trading below 13.5 means the markets are not likely to make big moves.
9. Option premiums are likely to fall today on both sides.
10. Nifty future is likely to trade between 7700 and 7760 today.