Pre Market Report, December 15, 2014 | Stocks and Commodities

December 15, 2014
Time: 8.50 am

Pre Market Report:

1. I could not write 'Post Market Report' on Friday and 'Dalal Street Week Ahead' yesterday as my relative is hospitalised.
2. US markets fell drastically on Friday.
3. Last week was the worst week in last three years for most of the world markets.
4. Oil price fall is taken as precursor for slower growth rather than supply demand issue.
5. WTI crude has fallen below US$60.
6. CPI Inflation declared on Friday evening was lower.
7. But IIP data was a shocker as it slipped in negative territory.
8. So the rate cut expectation is once again building.
9. Today WPI Inflation will be out which is expected to be below 1%.
10. So as and when market stabilises and bounces, Bank Nifty is likely to out perform other sectors.
11. But when this fall is going to stop when the markets are likely to bounce is a million dollar question.
12. SGX Nifty is trading about 40 points lower.
13. Nifty will trade below 8200 at the open and if that closes below 8200 by the end of the day, it will be very bad.
14. If 8200 support is not holding, then next support is only at 8000.
15. Resistance for Nifty future will be at 8320 and support will at 8180-8160.