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Pre Market Report, November 26, 2014

November 26, 2014
Time: 8.30 am

Pre Market Report:


  1. US markets closed almost flat after better than expected GDP data.
  2. Most Asian markets are trading flat.
  3. Yesterday, FIIs bought heavily in cash market.
  4. Selling in F&O was also normal.
  5. Despite that markets fell drastically.
  6. And SGX Nifty now also trading closer to yesterday's low.
  7. But just before expiry, markets may move any way.
  8. It all depends on at what point stop loss is kept by long and short people.
  9. Nifty future is likely to trade between 8420 and 8500.
  10. Only after the expiry, GDP data and RBI policy will influence the markets.



Comments

  1. In the broader market, BSE midcap index has lost 0.1% and smallcap index has gained 0.1%.
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  2. Power Grid stock extend losses on MSCI exclusion.
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