Pre Market Report, April 9, 2015 | Stocks and Commodities

April 9, 2015
Time: 8.20 am

Pre Market Report:

1. Yesterday I could not write "Pre Market Report" as I had to go for Sun TV program.
2. US markets closed positive.
3. Asian markets, particularly Hong Kong market, are up.
4. SGX Nifty is trading around 8800.
5. Moody has raised the outlook for India. This may be a key trigger for our markets.
6. Banking stocks under performed yesterday, may be due to profit booking.
7. Today that may catch up as sentiment is good.
8. Markets fell for 8 consecutive days and by today it will be rise of 5 consecutive days.
9. Markets are in consolidation mode and that may continue for next few months.
10. Nifty is likely to trade between 8200 and 9500 for the next few months.
11. Corporate results will start coming from next week and markets will be volatile during the next 3 weeks.
12. Today Nifty future is expected to trade between 8760 and 8740.