Pre Market Report, March 18, 2015 | Stocks and Commodities

March 18, 2015
Time: 8.30 am

Pre Market Report:

1. I could not write "Pre Market Report" yesterday as the car came late yesterday morning for my Sun TV program.
2. As I have set up an office for my trading and leave the office in the evening, I have difficulty in writing "Post Market Report".
3. So from here onwards, I will write only morning reports consolidating both 'Pre' and 'Post' market reports.
4. Yesterday the markets were highly volatile and that was expected ahead of key event, Fed announcement regarding interest rates.
5. FIIs have bought in cash market and that is positive.
6. Today SGX Nifty is trading around 8780 and that higher than yesterday's high.
7. US markets closed mixed and that shows that markets are not too much worried about Fed.
8. Asian markets are mostly up.
9. As long as yesterday's low is not breached, Nifty is expected to make new high in the next 6 weeks. So Fed announcement is the key.
10. Mining companies likely to do well as Goa revoked the suspension on mining. Particularly Sesa Sterlite will be in focus.
11. Nifty is expected to trade with high volatility and expected to close plus or minus 50 points.
12. India VIX is still trading close to 15 which is not a good sign.
13. Ahead of key events, VIX should trade higher, but this time it is trading lower.
14. So depending on out come of Fed, VIX may increase tomorrow.