Pre Market Report, February 13, 2015 | Stocks and Commodities

February 13, 2015
Time: 8 am

Pre Market Report:

1. Yesterday, I could not write 'Post Market Report'
2. Since FIIs were net sellers day before yesterday, markets were weak yesterday morning
3. Intraday fall increased the participation of short sellers
4. Then came bad results from Bank of India, Bank Nifty fell nearly 350 points from intraday high, Nifty fell more than 100 points intraday.
5. In the afternoon, news came that Ukraine and Russia signed peace agreement and Europe started shooting up
6. Then the short covering came here also and yesterday was one of the worst volatile day.
7. But at the end of the FIIs were net sellers in both cash and F&O markets.
8. In fact yesterday's FIIs selling at over Rs 400 crore was higher than the previous day's selling figure.
9. Overnight, US markets are closed higher
10. Asian markets are positive.
11. SGX Nifty is also trading about 20 points higher.
12. The markets may come under slight pressure due to FII selling or may shoot up significantly if FIIs start buying.
13. One of my friends told me that Bank Nifty will take support at 18300, it took support at 18306 in the second week of January and then shot up to around 21000 then fell and took support this time at 18295. But below 18300, it traded just a fraction of a second, nobody could have traded.
14. Now he has told me that markets will move higher, Nifty will cross all time high but Bank Nifty will not.
15. Today SBI results will be key event to watch.
16. Markets will also react to better Inflation and IIP data.
17. M&M will also declare results today.
18. Nifty future is expected to trade between 8720 and 8820.