Pre MArket Report, April 30, 2015 | Stocks and Commodities

April 30, 2015
Time: 8.45 am

Pre Market Report:

1. We are going to expiry just like last expiry.
2. Lst expiry also the lowest close for that expiry.
3. Yesterday we closed at the lowest level and Nifty future trading below 8200 in Singapore now.
4. Last time, it was Yemen war news.
5. This time, it is US GDP data.
6. So short sellers are happy.
7. But markets are likely to trade with high volatility, just like last few days.
8. FIIs keep selling in cash market, even at this low level, may be to put pressure on the Govt. to consider MAT issue.
9. If not for ICICI Bank and Axis Bank, yesterday Nifty would have closed below 8200.
10. Since we are trading below 200 DMA for few days, even long term investors will start selling.
11. Then the real panic will start.
12. At the same time DIIs continuously supporting the markets with huge buying.
13. But if they get tired, then markets will crash.
14. So today's close is very important. If Nifty closes below 8200, then that is very bad for medium term to long term health of the markets.