Pre Market Report, March 26, 2015 | Stocks and Commodities

March 26, 2015
Time: 8.25 am

Pre Market Report:

1. Today will be the "Perfect Storm" day.
2. US markets fell drastically.
3. Yesterday Nifty closed very close to 100 DMA.
4. Today markets will open gap down.
5. Perfect expiry for short sellers.
6. Markets fell for 6 consecutive days and it seems that today will be the 7th consecutive day.
7. This fall is despite US not hiking interest rates, FII not selling in Indian markets, etc.
8. Yesterday also FIIs have bought for Rs 813 crores and DIIs have bought for Rs 93 crores.
9. Markets are going to be higly volatile.
10. There may be some short covering towards the end of the day.
11. Nifty may expire anywhere between 8460 and 8540.
12. If there is any huge short covering rally, then Nifty may even close higher than 8540.
13. Due to fall in Indian ADR prices, that is unlikely to happen. Many ADRs fell more than 2%.