Pre Market Report, March 10, 2015 | Stocks and Commodities

 March 10, 2015
Time: 9 am

Pre Market Report:

1. US markets closed positive.
2. Still there is no confidence in Asian markets.
3. SGX Nifty is almost flat.
4. This is despite knowing that yesterday's fall was mainly due to short sellers.
5. In cash market, there was huge buying.
6. In F&O, FIIs have bought huge amount of puts.
7. That shows the fear in the near term.
8. Dollar index is inching towards 98, if it touches 100 then there will be another sell off in the world markets.
9. General opinion is that India will be least affected by US interest rate hike.
10. Any fall is a good buying opportunity for long term investors.
11. India getting 2 lakh crores in coal auction, 1 lakh crore in spectrum auction, forex reserves are at all time high, GDP growth is fastest in the world, currency is stable against a basket of world currencies, where else one will have opportunity to invest?
12. Corporate results did not pick up, but will pick up in the near future.
13. Markets will always discount what is going to happen in the next few months.
14. So long term investors need not worry.
15. But in the short term it is the game of short sellers.
16. Nifty should consolidate after yesterday's huge fall, at least for next few days.
17. Nifty future is expected to trade between 8740 and 8840.