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

September 25, 2014
Time: 8.35 am

Pre Market Report:

1. US markets closed in Green after many days.
2. Crude and Gold continued to fall.
3. Most Asian markets are following US.
4. SGX Nifty hit a high of about 8050, same as yesterday's high here.
5. But cooled off later and now trading around 8030.
6. Though global cues are positive, we have very bad local cues.
7. Coal block cancellation is one blow, Gas price hike deffered is another blow.
8. On top of it, both FIIs and DIIs have sold in cash market.
9. So with positive global cues and negative local cues, our markets are likely to be highly volatile but likely to close plus or minus half a percent.
10. Energy stocks will be under pressure as Gas price hike is deffred.
11. PSU Banks likely to be under pressure due to loan exposure to coal block related companies.
12. Nifty, as I have stated earlier, likely to expire between 7900 and 8100.
13. If there is any short covering, it may expire around 8060.