Pre Market Report, August 21, 2015 | Stocks and Commodities

August 21, 2015
Time: 8.45 am

Pre Market Report:

1. Last two days I could not bring the 'Pre Market Reports' as I went for Sun TV program on Wednesday and a marriage function yesterday.
2. US markets closed drastically lower, breaking key support levels and erased the gains made in 2015.
3. Few markets like Brazil, Taiwan and China entered into bear markets by falling over 20% from 2015 high.
4. Most markets are trading at 52 week low.
5. Some emerging markets currencies have depreciated considerably, Khzakhstan's currency depreciated by 23% in a single day yesterday.
6. In 2008, it was America all the way followed by Europe.
7. Now it is the turn of China to bring the world markets lower.
8. Greece PM resigning also brings volatility to European stability once again.
9. Our markets went up after favourable WPI Inflation expecting RBI to cut rates even before next policy meet.
10. But that has not happened until now, so those people who bought with expectation are selling.
11. SGX Nifty is trading about 100 points lower.
12. There will be margin calls and the markets are likely to face panic situation at least in the first 15 minutes.
13. Now markets have broken down clearly and 8500 will act as stiff resistance until expiry.
14. FII selling figures are very bad, they have sold for over Rs 1000 crores in cash market yesterday.
15. Amtek auto fell 35% one day and then next day fell another 30%.
16. Hindalco fell 30% in the last 15 days and all metal stocks are falling despite falling so much in the last two years.
17. If the Global rout continues, Nifty is likely to breach 8000 on the downside once again as we are one of the few countries trading well above 52 week low.
18. Today it is difficult to predict the levels as panic grips the markets.
19. Tata motors hit 52 week low despite Auto sector doing very well.
20. This shows the effect of China markets.
21. So short selleres are the only people who are going to be happy this month.