Pre Market Report, June 15, 2015 | Stocks and Commodities

June 15, 2015
Time: 8.30 am

Pre Market Report:

1. US markets closed in Red on Friday due to Greece jitters.
2. So most of the Asian markets are down.
3. Greece talks failed once again on Sunday.
4. Greece issue and FII selling will keep the markets under pressure.
5. At the same time better IIP data and Inflation data released on Friday may support the markets.
6. Low valuations after steep fall may also support the markets.
7. SGX Nifty is marginally down.
8. Fed meeting on Tuesday and Wednesday will also be in focus this week.
9. There are no major news flow related to stocks except Cairn Vedanta merger which is known already.
10. Continuous selling by FIIs everyday for more than 500 crores is a disturbing factor for bulls.
11. Markets may consolidate this week between 7800 and 8200.
12. Bank Nifty may take support at 17200.
13. Today Nifty future may trade between 7920 and 8020.