Pre-market at a glance

 

1. Previous day Nifty spot closed at 11521.8
2. Previous day Nifty futures closed at 11534
3. Previous day Bank Nifty spot closed at 22465.65
4. Previous day Bank Nifty futures closed at 22597
5.  At 8:00 AM SGX Nifty is 0.24% down
6. At 8:00 AM Dow futures is 0.20% up 
7. At 8:00 AM Comex gold is at 1966
8. At 8:00 AM Comex silver is at 27.44
9. Government may extend the existing anti-dumping duty on imports of axles for trailers from China. Tata Motors, AshokLey, GNA Axle, Automotive Axle should be watched
10. Nifty should hold last weeks low as of now. Monthly CE 11500 should be watched
11. Bank Nifty probable bottom in short term has formed.
12. Check ATM straddle and Monthly CE 23000 for Bank Nifty
13. There is a high possibility that Bank Nifty will rise from here
14. If Nifty goes above 11600, then a new high is highly on the card
15. USDINR 72.5-73 has formed a good base on the downside

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