Pre Market Report, January 20, 2015 | Stocks and Commodities

January 20, 2015
Time: 7.45 am

Pre Market Report:

1. Yesterday US markets were closed.
2. So no big movements in Asia.
3. China is stabilising after 8% fall yesterday.
4. China GDP and Industrial production data came positive.
5. SGX Nifty is trading around 8600.
6. There are no important corporate results today.
7. So markets are expected to trade in a range with positive bias.
8. Markets are expecting 635 billion stimulus from ECB.
9. Whether they are going to meet market expectation or not, we will be clear only on Thursday evening.
10. So our markets are expected to make big moves only on Friday.
11. Nifty future is expected to take support at yesterday's low of around 8540.
12. Resistance will at all time high of around 8640.