Pre Market Report, December 29, 2014 | Stocks and Commodities

December 29, 2014
Time: 8.50 am

Pre Market Report:

1. Asian markets are mostly higher.
2. Markets were worried about China markets as trade data that came on Saturday was not good.
3. But Chinese markets are also up as stimulus expectation is high now.
4. SGX Nifty which was trading about 15 points lower before Chinese markets open, now trading about 25 points higher at 8300.
5. P Note clarification will be positive for long term of our markets.
6. Though that might not be reflected immediately as most FIIs are on holiday.
7. So there may be trend reversal at this point of time for our markets though things will be clearer only next week.
8. Due to low volume, swing will be high.
9. Nifty future is likely to trade between 8240 and 8350 today.