Pre-market at a glance

          

1. Previous day Nifty spot closed at 13740.70
2. Previous day Nifty futures closed at 13749.55
3. Previous day Bank Nifty spot closed at 30847.05
4. Previous day Bank Nifty futures closed at 30828
5.  At 8:00 AM SGX Nifty is flat
6. At 8:00 AM Dow futures is 0.30% down
7. At 8:00 AM Comex gold is at 1886
8. At 8:00 AM Comex silver is at 26.023
9. Jubilant foods has given a good move. Today defense stocks should be focused
10. FTSE rebalancing today. It is expected that there will be $650 mn net inflows into India
11. As mentioned earlier we have seen that after breaching 11th December's high in monthly 13500 CE how Nifty has given a unidirectional movement
12. Gold and silver should be watched because Dollar Index has come down significantly as mentioned in the earlier blogs. Remember that Silver will outperform Gold
13. Dollar Index is slowly ticking lower. 88.5 should be watched
14. Overall market has a positive bias till Nifty breached 13600  on the downside
15. USDINR 73-73.30 is a very very strong buying zone because it has a 2 years support. That level should be watched cautiously

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