Pre Market Report, February 15, 2017 | Stocks and Commodities

February 15, 2017
Time: 8.45 am

Pre Market Report:

1. US markets made another record high.
2. Asian markets are mostly higher.
3. SGX Nifty is trading around 8440, around 35 points higher than yesterday's close.
4. Our markets have been in consolidation mode for the last 9 trading sessions.
5. Eveey time, Nifty future is trying to break above 8850 but fails.
6. This is happening despite no selling from FIIs or DIIs.
7. So if Nifty breaks out, then there will ba a good rally, may be towards 9000.
8. Yesterday after 3 pm, when Tata Motors results came, shares fell nearly by 6% and that dragged the markets.
9. There is about 70 lakhs shares in open interest at 9000. Sometimes markets move to scare the highest open interest people.
10. Nifty future may trade between 8780 and 8880, the same expected range in the ladt few days.