Pre Market Report, January 5, 2015 | Stocks and Commodities

January 5, 2015
Time: 8.30 am

Pre Market Report:

1. Markets are likely to consolidate after Friday's run.
2. SGX Nifty is trading around 8440, about 30 points lower.
3. But markets likely to improve later in the session.
4. Crude oil trading below $56.
5. Housing finance companies and banking stocks are likely to out perform the benchmarks.
6. As usual energy sector is likely to under perform.
7. Speculative trade may continue in IT stocks.
8. Euro slips below $1.2 as the news about stimulus getting stronger.
9. Asian markets are mixed with China and Australia up and Hong Kong and Japan down.
10. Nifty future should take support at 8400.
11. Resistance will be at 8480.