Pre Market Report, August 25, 2015 | Stocks and Commodities

August 25, 2015
Time: 8.55 am

Pre Market Report:

1. Indian markets fell the most intraday in yesterday's trade.
2. Same thing for US markets, Dow fell more than 1000 points at open.
3. In absolute term these are the highest fall, though not in percentage ter.
4. China has infused 150 billion yuan in reverse repo.
5. Still China has fallen by more than 6%.
6. SGX Nifty traded about 300 points lower at one point of time yesterday evening, then shot up to trade about 150 points higher.
7. This shows the kind of volatility.
8. Many option traders have gone bankrupt.
9. Today we have to see whether the gap up is sold into.
10. But most Asian markets are holding and US futures are also trading more than 300 points higher.
11. So the prbability of markets holding above 7900 is very high.
12. However, Nifty will face stiff resistance around 8000.