Pre Market Report, June 24, 2015 | Stocks and Commodities

June 24, 2015
Time: 8.25 am

Pre Market Report:

1. US markets have closed in Green after trading in both Green and Red.
2. Asian markets are mixed.
3. SGX Nifty is also trading flat with positive bias.
4. Yesterday FIIs have sold in cash market, though they have bought heavily in F&O market.
5. Now there are some doubts about Greece deal as there are some opposition within the ruling party.
6. Things will become clear only by the end of this week.
7. So any big move will happen only after expiry here.
8. Until markets are likely to consolidate with volatility.
9. Markets are likely to be volatile ahead of expiry.
10. Yesterday also markets were volatile.
11. Bank Nifty open interest has gone down by 12%.
12. So the momentum may not be big in Banks.
13. I expect the markets to be volatile but range bound.
14. Today Nifty may close plus or minus 30 points.
15. There are no stock specific big news today.
16. Nifty is expected to trade between 8340 and 8420.