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

January 14, 2018
Time: 8.30 am

Pre Market Report:

1. US markets closed slightly in Red on Friday.
2. Today all Asian markets are trading in Red.
3. Infosys ADR closed more than 5% higher.
4. SGX Nifty is trading just 10 to 15 points higher.
5. Considering the strong move by Infosys and its weightage in Nifty, Nifty will also be in negative if we remove Infosys.
6. On Friday, IIP data came at 0.5% which was way below expectation.
7. Today WPI Inflation data will around noon.
8. Today evening CPI Inflation data is due.
9. FIIs continue to sell in Cash market.
10. SO far in JAnuary they have sold for Rs 3600 crores.
11. There is no concrete news about US-China trade agreement.
12. Partial US Govt shout down also continues.
13. Reliance, HDFC Bank, WIPRO, ZEEL, HUL are some key companies set to declare results.
14. IndusInd Bank keeps falling and now about 25% below its 52 week high.
15. US and European futures are lower.
16. So there is some negativity all over the world.
17. But emerging markets like Indonesia, Turkey, Brazil are not doing badly.
18. So if there is any positive news, India may also do well.
19. Nifty future may take support at yesterday's low.
20. Resistance will be at 10880.