Pre Market Report, November 18, 2014 | Stocks and Commodities

November 18, 2014
Time: 7.30

Pre Market Report:

1. I could not write "Pre Market Report" and "Post Market Report" yesterday as I just came beck to India the previous night.
2. Yesterday's trade was similar to the last two weeks trade.
3. Only difference is that the rebound was so strong so the indices closed at all time high once again.
4. Nifty rose nearly 90 points from intraday low.
5. Thi shas happened despite not so good global cues.
6. Most Asian markets fell yesterday due to bad Japan GDP figure.
7. Now Asian markets are trading firm after Japan PM has called for election.
8. Also markets are betting big on stimulus package form Japan.
9. SGX Nifty is trading slightly higher.
10. Today Nifty future is likely to trade between 8400 and 8500.
11. Next psychological resistance is at 8500.
12. Markets are likely to see two way movements as it has been happening in the last few weeks.
13. Since the markets are at all time high, some profit booking will come every now and then.
14. Also DIIs will continue to sell in order to raise cash to subscribe to Govt. divestment issues