August 26, 2014
Time: 8.15 am
Pre Market Report:
Time: 8.15 am
Pre Market Report:
- US markets closed in green.
- But they were off from intraday high.
- Most Asian markets are flat.
- SGX Nifty is also trading flat.
- Despite such a big negative news yesterday, both FIIs and DIIs were net buyers in cash market.
- Also both Nifty and Sensex did not fall much on closing basis.
- But the expectation has come down.
- Nifty is likely to trade between 7880 to 8000 until the end of expiry.
- Today markets will be volatile and Nifty is likely to trade in the range 7880 - 7960.
- Now that weaker hands are out, if Nifty makes an attempt to break out again, it will be powerful.
- But that may not happen this week.
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