Pre Market Report, November 27, 2014 | Stocks and Commodities

November 27, 2014
Time: 8.50 am

Pre Market Report:

1. US markets have closed in green.
2. Asian markets are trading firm.
3. SGX Nifty is trading about 15 points higher at 8492.
4. Since the markets have shown the volatility in yesterday's trade, markets may not be highly volatile today.
5. If everything goes well, Nifty is expected to expire between 8500 and 8520.
6. But again, it is difficult to predict the Nifty movement in the afternoon.
7. Since bank Nifty has fallen by more than 300 points in the last few days, there could be some short covering.
8. On the other hand, Bank Nifty has shot up by 1500 points since last expiry, there could be selling also.
9. P Note issue has not deterred FIIs in the last few days.
10. So ready for roller coaster ride today.