Pre Market Report, February 11, 2015 | Stocks and Commodities

February 11, 2015
Time: 8.25 am

Pre Market Report:

1. US markets closed in Green.
2. Asian markets are mostly up.
3. SGX Nifty is trading around 8620.
4. This is due to the huge selling by FIIs in yesterday's trade.
5. So there will be one more huge short covering rally is due as and when FIIs turn net buyers in cash market.
6. Fresh buying will also start at that time.
7. Until then markets may consolidate around this level.
8. Volatility may be there for few days.
9. This week is the end of results season and there are no key events from next week and hence the volatility will come down next week.
10. SBI results on Friday will decide the trend in Bank Nifty next week.
11. Today there are no key results or events during the market hours.
12. So we can reasonably expect range bound trade.
13. Nifty future is expected to trade between 8580 and 8680.
14. Any fall, DIIs will buy and any rise, FIIs will sell.