Pre Market Report, February 18, 2015 | Stocks and Commodities

February 18, 2015
Time: 8.35 am

Pre Market Report:

1. US markets closed in Green last night.
2. Greece issue did not have major impact even in European markets.
3. If Greece was the reason for sudden fall in the last half an hour on Monday in our markets, then our markets should recover from today.
4. Budget news keep coming like 'Subsidy for electronic manufacturers, boost for infra spending, a small cess for swach bharat, 30% cut in social welfare spending, increase in medical allowances, etc'.
5. So budget is likely to dominate the markets for next few days.
6. Hero Moto Corp will be under pressure, likely to fall 5% as promoters are selling their stakes today.
7. Mumbai based Real Estate shares will be rising as Mumbai increased the FSI up to 8. (Crazy)
8. Banking stocks will be in focus as it is the Bank Nifty that brought the markets down on Monday. There may be some shorts which may be covered today.
9. Energy stocks will be in focus as Oil Ministry cleared discovery worth 15 lakh crores.
10. SGX Nifty is trading about 10 points higher at 8855.
11. Nifty future should take support at 8820.
12. Resistance will be at 8920.
13. If 8920 is crossed, then Nifty will head towards 9000, an all time high figure.
14. That may not happen today. It may happen in the next few days if Greece issue is resolved amicably.