Pre Market Report, November 11, 2014 | Stocks and Commodities

November 11, 2014
Time: 8.55 am

Pre Market Report:

1. I could not bring the reports yesterday as I had some personal work.
2. But markets yesterday were similar to Friday.
3. It is a consolidation market.
4. Today also it may be the same.
5. SGX Nifty is trading above 8400.
6. Nifty future may start above 8400 for third day today, will it sustain above 8400 is the main question.
7. There is some tiredness in Bank Nifty.
8. But in the last two days, intraday dips were bought.
9. Yesterday ITC rose due to Harsh Vardan effect.
10. Nifty future is likely to trade between 8360 and 8440.
11. If Nifty trades firmly above 4420, the next target will be 8500.
12. But that will happen only after inflation, IIP data.