Pre-market at a glance

 

1. Previous day Nifty spot closed at 11408.40
2. Previous day Nifty futures closed at 11428
3. Previous day Bank Nifty spot closed at 22285.90 
4. Previous day Bank Nifty futures closed at 22313
5.  At 8:00 AM SGX Nifty is -1.20%
6. At 8:00 AM Dow futures is -0.70%
7. At 8:00 AM Comex gold -0.83%
8. At 8:00 AM Comex silver is -0.70%
9. Last night Fed minutes gave a bearish overview which pulled the overall markets lower
10. Dollar index started to bounce back which is not a good sign for emerging markets
11. Commodities, specially metals and precious metals will face a tough time
12. As mentioned earlier that in this month we will see surge in volatility, so it is on its way
13. Nifty seems to be capped as of now
14. Same for Bank Nifty. Moreover, AGR hearing will be at 2:00 pm. Be cautious
15. USDINR major level is 74-74.50

Disclaimer:

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