Pre Market Report, May 18, 2015 | Stocks and Commodities

May 18, 2015
Time: 8.45 am

Pre Market Report:

1. US markets closed mixed on Friday.
2. Today Asian markets are also mixed.
3. SGX Nifty is trading around 8275, marginally higher.
4. For the first time in last many days, markets traded with less volatility on Friday.
5. So people are slightly bullish.
6. We will know how far this is right only after markets open.
7. Last many days, Nifty fell drastically as soon as the markets open.
8. That did not happen on Friday and if that do not happen today also, then there will be reason to be slightly bullish about the markets.
9. Also in the medium term perspective, Nifty has made double bottom at around 8000, once in December 2014 and then recently.
10. Asian paints will declare results.
11. Markets are expected to trade like Friday trading, without a big move on either side.
12. Vix is likely to fall if that kind of trading takes place.
13. Monsoon has set in and likely to hit the mainland in a week's time.
14. That will a good news for general markets and particularly FMCG companies.
15. One day I expect a big move of more than 100 points in Nifty but do not know when that will happen.
16. If that happens, then everyone will become bullish.
17. For now that chances are less until Thursday.
18. But nobody can be sure of anything in stock markets.