Pre Market Report, February 25, 2015 | Stocks and Commodities

February 25, 2015
Time: 8.30 am

Pre Market Report:

1. US markets closed higher as Janet said there will be no rate hike at least in the next two Fed meetings.
2. Most Asian markets are up and Japan trading at 15 year high.
3. SGX Nifty is trading closer to 8800 as many FIIs would have covered their shorts in Singapore by yesterday night.
4. SGX Nifty traded above 8820 yesterday night.
5. Markets are positioning for a big rally after the budget, if budget is good.
6. Bank Nifty is around 2000 points lower than its peak, so if budget is good then Bank Nifty can march towards 21000 and in that case Nifty will be trading around 9200.
7. If budget is disappointing, then every one knows what will happen.
8. Today there are no major news flow and market is left to the expiry related issues.
9. As I have mentioned earlier, there is every possibility, Nifty will cross 9000 just before 10 am on Saturday.
10. My guess is that today Nifty should settle down between 8800 and 8850 and tomorrow expiry should be around 8900. Then on Friday or Saturday morning, Nifty may cross 9000.
11. Again all these are my guess, it may happen or may not happen, please do not take any position based on this.
12. Nifty future is expected to trade in the range 8760 to 8850.