Pre Market Report, April 7, 2015 | Stocks and Commodities

April 7, 2015
Time: 8.30 am

Pre Market Report:

1. Jobs report was a positive news for markets.
2. Yet Dow futures traded about 150 points down yesterday before US markets open.
3. After the markets open, Dow shot up by more than 300 points from intraday low.
4. Asian markets are trading in Green.
5. SGX Nifty is trading about 25 points higher.
6. Nifty shot up by about 75 points yesterday without any support from banking stocks.
7. Today the markets is all about RBI policy.
8. Though nobody expecting any rate cut, some changes may be there in CRR or SLR.
9. Also more important is the tone of the RBI Governor about Inflation, US rate hike, unseasonal rain etc.
10. Yesterday the action was in Pharma and today it will be in Banks.
11. But volatility is expected to be very high.
12. Two way big movements are expected in Bank Nifty.
13. Yesterday FIIs have bought for more than 900 crores and that will support the markets even if RBI disappoints.
14. Nifty future is expected to trade between 8660 and 8780.