Pre Market Report, March 30, 2015 | Stocks and Commodities

March 30, 2015
Time: 8.45 am

Pre Market Report:

1. US markets closed positive on Friday.
2. Asian markets are mixed.
3. SGX Nifty is trading about 20 to 25 points higher.
4. Bank Nifty out performed on Friday which may continue today.
5. Crude oil fell more than 5% and hence the energy sector may be in focus on downside.
6. Many Energy stocks hit 52 week low on Friday.
7. This week has only three trading sessions.
8. So volume will be low and markets may move with higher volatility.
9. Also markets started falling after last month's jobs data from US>
10. This month's job data is due on Friday. This will prevent any significant upside.
11. Jobs data is expected to be good and this will be the 13th month of over 200000 jobs created after 1994-95.
12. Since both Sensex and Nifty have fallen by around 10%, markets are likely to stabilise around this level for next few days.
13. Nifty future should find support at Friday's low of 8357 and the resistance will also be at yesterday's high of 8584.