Pre Market Report, July 2, 2015 | Stocks and Commodities

July 2, 2015
Time: 8.20 am

Pre Market Report:

1. I could not write 'Pre Market Report' for the last few days as I have gone to Malaysia for a long holiday.
2. I stayed in a hill resort called 'Genting Highlands' and found time only for trading, no time for writing reports.
3. Meanwhile a lot of things have happened.
4. Greece has dominated the markets, but India was least affected.
5. FIIs continued their selling spree but DIIs have bought more than what FIIs have sold.
6. Core sector growth came at multi month high and not so bad news on monsoon front helped our markets.
7. Auto companies announced healthy monthly sales figures.
8. Yesterday, for the first time in the last many days, both FIIs and DIIs were on the buy side.
9. US markets closed higher and Asian markets are trading higher.
10. But SGX Nifty is trading around 8425, lower by about 25 points.
11. But yesterday also SGX Nifty traded lower by about 40 points but Nifty did not test that level.
12. Markets may be nervous ahead of US Payroll data.
13. Nifty is expected to trade between 8420 and 8500.
14. Announcement regarding capitalisation of Public Sector Banks helped Bank Nifty to cross 18500 comfortably.
15. Markets may not make big moves today or tomorrow (tomorrow is a holiday for US markets).
16. Only on Monday we can expect some big moves based on the out come of Greece referendum.