Pre Market Report, April 1, 2014 | Stocks and Commodities

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April 1, 2014
Time: 8.45 am

Pre Market Report:

1. US markets rose after Janet Yellen spoke of continuing stimulus for America.
2. In China Manufacturing PMI came above 50 which is also aiding the positive sentiment.
3. SGX Nifty is trading around 6780.
4. Today our Manufacturing PMI will be declared.
5. Then RBI policy at Noon.
6. Banking stocks consolidated yesterday.
7. Now IT and Pharma also turning around.
8. So as usual, panic trade in the morning Nifty goes up, then short sellers come in and then DIIs come in to sell and then towards the end of the day FIIs come in to buy. This is what has been happening for the last few weeks.
9. Today the only change will be that instead of late afternoon, action will be moved forward to Noon due to RBI policy.
10. Reliance also broke out yesterday.
11. Nifty future is likely to trade between 6720 and 6800.