Pre Market Report, December 22, 2014 | Stocks and Commodities

December 22, 2014
Time: 8.30 am

Pre Market Report:

1. I could not write the reports for the last few days as I was too busy with other more important works.
2. Friday US markets closed positive after zig zag movements.
3. Asian markets are firm, particularly China and Hng Kong.
4. SGX Nifty is trading at 8265 which is the Friday's high.
5. FIIs were net sellers on Friday, so along with this factor expiry related issues will keep markets jittery in the short term.
6. Nifty is expected to trade between 8100 and 8300 until expiry.
7. But volatility will be high due to expiry on Wednesday.
8. Bank Nifty has lead the recovery, Bank Nifty recovered its entire loss whereas Nifty is nearly 300 points down.
9. So if other sectors catch up, Nifty is likely to trade closer to 8300 than 8100.
10. FIPB clearance of HDFC Bank issue of Rs 10000 crore will make HDFC Bank to open gap up.
11. That will boost the Bank Nifty to some extent.
12. China market is up significantly, so metal sector is likely to do well.
13. Crude prices are up, so energy sector will also do better.
14. DLF planning to sell 3000 crores worth of office properties will boost Realty sector.
15. So when most sectors have positive news, overall market is likely to do well.
16. Today Nifty future should take support at 8220.
17. Resistance will be at 8320.