Pre Market Report, May 26, 2015 | Stocks and Commodities

May 26, 2015
Time: 8.40 am

Pre Market Report:

1. Nifty broke the support level of 8380.
2. US interest rate hike fear has come back.
3. Greece issue is also taking centre stage.
4. Opposition party winning the Spain election added fuel to the fire.
5. So markets in Europe fell.
6. But Asian markets are firm due to local factors.
7. SGX Nifty is trading marginally down.
8. Yesterday Nifty took support at 8350.
9. If that is broken, Nifty may fall below 8300.
10. SBI and ITC results were not good. Yesterday Canara Bank results were not good.
11. Today we have to see Bank of India and IDBI Bank results.
12. Also other key results like Tata Motors, Tech Mahindra and BHEL.
13. Markets are likely to tarde with huge volatility due to expiry related issues.
14. Only after the expiry, GDP data, Monsoon progress, RBI rate cut expectations will drive the markets.
15. Nifty is likely to trade between 8300 and 8420 today.