Pre-market at a glance

  

1. Previous day Nifty spot closed at 13133.9
2. Previous day Nifty futures closed at 13202.75
3. Previous day Bank Nifty spot closed at 29448.75
4. Previous day Bank Nifty futures closed at 29570
5.  At 8:00 AM SGX Nifty is 0.35% up
6. At 8:00 AM Dow futures is 0.15% up 
7. At 8:00 AM Comex gold is at 1846.25
8. At 8:00 AM Comex silver is at 24.207
9. If Dollar Index drag on the downside then further upside in Gold and Silver can be seen. Remember Silver will outperform in either scenario
10. Surprisingly Nifty Future gave a closing above 13200 yesterday. That should be watched minutely
11. Today there is RBI bi-monthly policy. Hence, everyone should be cautious before taking heavy positions
12. PSU Bank index on the verge of breakout. Lot depends on the RBI policy outcome today
13. HDFC Bank should stabilize today, being a heavy counter
14. Overall the market has a positive bias
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

Disclaimer:

This information is for educational purposes and is not an investment or trading recommendation nor to be representative of professional expertise. All examples and analysis are intended for educational purposes and should not be considered as specific investment or trading advice. The risk of loss in trading equities, options, futures, forex or any other financial products can be substantial. Past performance, whether actual or simulated, is not indicative of future results. By viewing this blog you agree that any decision to purchase or sell any financial product is the sole responsibility of the person initiating such a transaction. Trading Sensation is not responsible for your decisions or their consequences. This blog is for educational purposes only.