Pre Market Report, June 25, 2015 | Stocks and Commodities

June 25, 2015
Time: 8.15 am

Pre Market Report:

1. US and European markets closed in Red after Greece news.
2. Even yesterday I have mentioned that there will be some problem with Greece and things will be clear only by the end of the week.
3. Also I said Nifty is likely to close plus or minus 30 points with high volatility.
4. Same thing has happened yesterday, Nifty closed 20 points lower.
5. But intraday, there was a fall of nearly 100 points.
6. Luckily, FIIs did not sell in cash market.
7. FIIs were the net buyers in cash market for about 100 crores.
8. Markets reaction in Asia has been moderate.
9. So SGX Nifty is trading almost flat.
10. Due to expiry today also markets will be volatile.
11. Markets are expected to trade with negative bias until afternoon, then there may be some sharp move, either upside or downside, in the last one to two hours.
12. If there no no more bad news from Greece and if European markets do not fall much in the afternoon, Nifty may expire in the range 8320 - 8350.
13. In case of further selling, Nifty may expire around 8280.
14. If there is any short covering, though chances are very low, Nifty may expire around 8380.
15. So there are three different possibilities today.