Pre Market Report, September 29, 2014 | Stocks and Commodities

September 29, 2014
Time: 8.30 am

Pre Market Report:

1. HK markets is down by more than 500 points due to pro democracy crackdown.
2. So all other Asian markets are feeling the pinch.
3. SGX Nifty is down by about 30 points.
4. On one side we have ratings upgrade of 11 banks and 5 companies and positive US cues.
5. On the other side, we have negative Asian cues and FII selling.
6. So the markets will be confused and hence will be choppy.
7. Also RBI policy tomorrow will add to the uncertainty and markets will be more choppy.
8. European and US futures are also slightly down.
9. So today evening we have to see FII figures, if they continue to sell today also, then it is very bad for the markets.
10. Also we have to see how HK issue goes and RBI policy tomorrow.
11. Today Nifty future is likely to trade between 7960 and 8060 with choppiness.