Pre-market at a glance

1. Previous day Nifty spot closed at 11162.25
2. Previous day Nifty futures closed at 11175
3. Previous day Bank Nifty spot closed at 22782
4. Previous day Bank Nifty futures closed at 22824.95
5.  At 8:00 AM SGX Nifty is almost flat to mild positive
6. At 8:00 AM Dow futures is 0.4% up
7. At 8:00 AM Comex gold is 0.75% up, having a party time
8. Going forward we will see a major up move in Silver
9. As mentioned earlier that Nifty monthly CE 11000 is important, yesterday it made a high of 257.9
10. Dollar Index has broken a major level i.e., 96. Going forward there are expectations that it will further come southward
11. All commodities will rally, special focus should be on Silver. It will outperform Gold
12. USDINR futures should be watched cautiously. 74 is a major level
13. Crude should be watched minutely. It has given a breakout on the upside yesterday
14. Earnings season is on. Some of the importants for today are Larsen & Toubro, Bajaj Auto, Jindal Steel and Power, ICICI Securities etc
15. Watch Axis Bank, HUL & Bajaj Finance

Disclaimer:

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