Pre Market Report, October 21, 2014 | Stocks and Commodities

October 21, 2014

Time: 8.50 am

Pre Market Report:

1.       Dow closed positive after trading negative for most part of the day.

2.       China GDP data came better than expected.

3.       Also China Manufacturing PMI came better than expected.

4.       SGX Nifty is trading around 7920.

5.       Positive global cues, better Chinese data, FII buying will be positive triggers for the market.

6.       Today HDFC and PNB will declare results.

7.       Bank Nifty has shot up considerably in the last two sessions, so profit booking may come towards the end of the day.

8.       Nifty future may test 8000 by Muharat trading.

9.       Bank Nifty will face resistance at 16500.

10.   VIX may continue to fall and hence option premiums.

11.   Nifty future is likely to trade between 7880 and 7980 today.