Pre Market Report, January 22, 2015 | Stocks and Commodities

January 22, 2015
Time: 8.45 am

Pre Market Report:

1. I did not write 'Post Market Report' yesterday as there was not much to write.
2. Yesterday markets traded as I had expected, 'consolidation with positive bias'.
3. Yesterday our markets maintained bullish trend despite big fall in index heavy weight ITC.
4. Today ahead of ECB action, most markets are bullish.
5. ECB is expected to buy bonds worth 50 billion every month.
6. That adds up to a 600 billion stimulus over a period of one year.
7. SGX Nifty is trading around 8780.
8. If the is no unpleasant surprise from Greece, this expiry will be at all time high.
9. FIIs have bought for more than 2000 crores in cash market and that will scare the short sellers.
10. Nifty future is expected to trade between 8720 and 8820.