Pre Market Report, September 30, 2014 | Stocks and Commodities

September 30, 2014
Time: 8.30 am

Pre Market Report:

1. US markets ended marginally lower.
2. Most Asian markets are down marginally.
3. Hong Kong protests continue to gather momentum ahead of two days holidays there.
4. SGX Nifty after touching a low of 7965, now trading slightly above 7980.
5. Despite Ukraine, Iraq, Syria and Hong Kong problems, Crude and Gold continue to trade lower is positive for India.
6. There will be two way movement here due to RBI policy.
7. Markets are likely to be choppy before RBI decision.
8. RBI Chairman has surprised the markets many times both positively and negatively.
9. There is a small hope that he might cut interest rate by 0.25% which is marginal but will boost sentiment.
10. Even if he does not reduce interest rates, he will cut either SLR or CRR.
11. So in my opinion, RBI event should be neutral (as Banks Nifty has already fallen by 1200 to 1300 points already in the last one month) to slightly positive.
12. Nifty future should trade between 7960 to 8040 until RBI policy.
13. In the afternoon, it may breach this level either side.