Pre Market Report, October 30, 2014 | Stocks and Commodities

October 30, 2014
Time: 8.30 am

Pre Market Report:

1. US markets reacted negatively just after FOMC announcement but recovered later.
2. As I have stated earlier, FOMC announcement has become a non event.
3. Most Asian markets are marginally up.
4. SGX Nifty is trading almost flat with negative bias.
5. But yesterday night, SGX Nifty traded above 8120.
6. Markets are likely to be range bound in the first half of the session.
7. Afternoon markets will be volatile and may move in any direction due t expiry.
8. Nifty is expected to expire anywhere between 8060 and 8140.
9. Huge buying by FIIs in both cash and F&O markets will limit the downside.
10. ICICI Bank, Yes Bank results will be in focus for Bank Nifty and Matuti results will also be in focus for auto sector.
11. So be ready for calm trading in the first half and volatile trading in the second half.