Pre Market Report, June 14, 2018 | Stocks and Commodities

June 14, 2018
Time: 9 am

Pre Market Report:

1. US markets were down after Fed meeting.
2. Fed hiked interest rate by 26 basis point which was factored in already.
3. But Hawkish comment by Fed Chairman was the reason for fall.
4. Trump also again tweeted against China.
5. Asian markets are mostly down.
6. SGX Nifty is down by 40 point.
7. Yesterday also SGX Nifty was down.
8. But we opened positive and sustained to positive momentum.
9. FIIs have sold for less than 100 crore.
10. DIIs continue to buy.
11. There is some good news in both HDFC Bank and ICICI Bank.
12. So Bank Nifty may out perform.
13. Markets may be sideways with negative bias.
14. There may be some sharp move after 3 pm in Bank Nifty.
15. I could not write more as I am preparing for CNBC TV.