Pre Market Report, June 18, 2015 | Stocks and Commodities

June 18, 2015
Time: 8.30 am

Pre Market Report:

1. US markets closed marginally higher due to dovish stand by Fed.
2. Asian markets are mixed.
3. SGX Nifty is trading around 8080.
4. After US fed, today is the turn of Greece.
5. Today's Greece talk is very crucial, but the outcome is not likely to be good.
6. FIIs have sold heavily yesterday for over 900 crores.
7. So markets may be volatile until FII selling subsides.
8. Yesterday I mentioned the resistance at 8120 and markets fell once it crossed 8120.
9. The fall was very sharp, Nifty fell more than 60 points in few minutes.
10. Today also markets may show a similar trend, if markets go up, then selling will emerge.
11. Nifty is likely to trade between 8020 and 8120 today also.