Pre Market Report, August 26, 2014 | Stocks and Commodities

August 26, 2014
Time: 8.15 am

Pre Market Report:

1. US markets closed in green.
2. But they were off from intraday high.
3. Most Asian markets are flat.
4. SGX Nifty is also trading flat.
5. Despite such a big negative news yesterday, both FIIs and DIIs were net buyers in cash market.
6. Also both Nifty and Sensex did not fall much on closing basis.
7. But the expectation has come down.
8. Nifty is likely to trade between 7880 to 8000 until the end of expiry.
9. Today markets will be volatile and Nifty is likely to trade in the range 7880 - 7960.
10. Now that weaker hands are out, if Nifty makes an attempt to break out again, it will be powerful.
11. But that may not happen this week.