Pre Market Report, April 6, 2014 | Stocks and Commodities

April 6, 2014
Time: 8.25 am

Pre Market Report:

1. Our markets will opening after 4 days of holidays on a positive note.
2. US jobs data which came at 1,26,000 which is much below expectation on Friday. But that is positive for emerging markets as rate hike will be postponed.
3. US futures were also down by more than 1% just after the data but after realising that this bd news will postpone the rate hike, now US futures are trading positive.
4. Nifty is expected to open about 40 points higher as per SGX Nifty indication.
5. SGX Nifty hit a high of 8689 and now trading at 8674.
6. Nifty 8400 Put has the highest open interest and that may act as a good support.
7. Banking stock will be in focus ahead of RBI policy.
8. This time RBI may not cut the rates but may tinker with CRR, SLR.
9. Core sector growth was very bad, auto sales figures were also not so good.
10. So markets are going to results season with much lower expectation.
11. That is actually a good news for bulls.
12. Nifty future is expected to trade between 8620 and 8720.