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

May 25, 2015
Time: 8.30 am

Pre Market Report:

1. US markets were down on Friday after Fed chairman Janet Yellen mentioned that there will be rate hike this year.
2. But Asian markets are steady today morning.
3. Many markets are closed today. They include Hong Kong, Taiwan, UK and US.
4. So the action may not be there in most markets today.
5. SGX Nifty is trading almost flat.
6. On one side bad results from SBI and ITC and on the other side both FIIs and DIIs have been on the buy side in cash markets on Friday.
7. So SGX Nifty is trading with indecision.
8. Though there are no important results today, there are many results due in the next three days.
9. So markets are likely to be highly volatile in the next few days until expiry.
10. Greece issue is still not resolved and that will impact the markets in the first week of June.
11. If everything goes well, Nifty will expire between 8400 and 8600.
12. Major banking results are over, there is only one more, Bank of India.
13. Today Nifty future should trade in the range 8380 to 8480.
14. In the last few days, Nifty future took support at 8380 and resistance was at 8480.
15. Markets may breakdown or breakout only if this range is broken.