Pre Market Report, June 17, 2015 | Stocks and Commodities

June 17, 2015
Time: 8.50 am

Pre Market Report:

1. US markets closed in Green.
2. European markets also recovered dramatically to close in Green.
3. SGX Nifty is trading around 8075, higher than day before yesterday's high of 8065.
4. That may bring some positive momentum.
5. But FIIs have once again sold for more than 500 crores.
6. Fed announcement and FII selling will keep the upside in check.
7. On the other hand, positive global cues and continued buying by DIIs will cap the downside also.
8. Nifty has been moving in the broad range of 7930 and 8080 in the last few days.
9. If 8080 is crossed decisively, then Nifty will move towards 8120.
10. There are no stock specific big news today.
11. Monsoon progress has been good.
12. Banking stocks, particularly PSU Banks will be in focus as PSU Bank Index hit 52 week low yesterday.
13. Metal index also hit 52 week low yesterday but did not recover much.
14. Markets are likely to be volatile ahead of Fed announcement tonight.
15. Nifty is expected to trade between 8020 and 8120.