Pre Market Report, November 14, 2014 | Stocks and Commodities

November 14, 2014
Time: 8.25 am

Pre Market Report:

1. US markets closed once again at all time high.
2. Asian markets are mostly higher.
3. SGX Nifty is trading slightly above 8400.
4. Today markets are likely to be highly volatile as it has been in the last many sessions.
5. That is because, ahead of week end, traders will like to square off their trades.
6. SBI results, usually a key result that will move the market, will add volatility.
7. Also Tata Motors and BHEL results will also add to the volatility.
8. Crude oil trading below US$78.
9. Though this is a very good news for long term, Oil sector will under perform in the short term.
10. Govt. raised excise duty on petroleum products and this is good for Govt. finances.
11. So again it is good for long term for stock markets but short term negative for energy sector.
12. Nifty is likely to trade between 8350 and 8450 until 2 pm.
13. But the trade will be difficult to predict after 2 pm.