Pre Market Report, January 28, 2015 | Stocks and Commodities

January 28, 2015
Time: 8.45 am

Pre Market Report:

1. US markets closed significantly lower.
2. So Asian markets are trading with negative bias.
3. Though US markets closed much lower, it was purely due to local factors.
4. Mainly lower than expected corporate results.
5. But after US markets closed, Apple declared results much better than expected.
6. Hence US futures, particularly Nasdaq futures, are up.
7. That is supporting the Asian markets.
8. Europe fell as those markets rose significantly in the last few days.
9. SGX Nifty is trading totally confused, huge buying by FIIs in cash and F&O markets here is positive and global cues are negative.
10. Nifty rose more than 400 points in the last 5 trading sessions.
11. So any time, profit booking may come.
12. Bank Nifty shooting up beyond everybody expectation.
13. Nifty future is expected to trade between 8860 and 8940.
14. But volatility may be higher.