Pre Market Report, August 27, 2015 | Stocks and Commodities

August 27, 2015
Time: 8.30 am

Pre Market Report:

1. US markets opened higher about 400 points and then closed 200 points lower.
2. All these things have opened only in 2008 just after Lehman Brother's collapse.
3. My guess is that our markets will continue to to choppy with negative bias for few more months.
4. Lehman Brother's collapse happened in October 2008, our markets bottomed out in March 2009.
5. Now China problem is similar to 2008 problem.
6. Yesterday China cut interest rates, still China markets fell.
7. Look how China markets behaved in the last one year, it was 2500, then shot upto 5100, then fell to 3500, again went up to 4200, then fell and now trading below 2900.
8. So investors stay away from markets you will get better time to invest.
9. Traders keep strict stop losses, you are likely to be chopped off both sides.
10. Look how Singapore Nifty behaved in the last two days.
11. Day before yesterday SGX Nifty was down by 300 points, the following morning it was up by 150 points.
12. Yesterday night it was up by about 100 points, now trading about 100 points down.
13. Markets will be highly volatile, even a small profit, come out.
14. Try not to carry overnight positions.
15. Nifty is expected to trade in yesterday's range.
16. FII sell figure was over Rs 2000 crores.
17. Until FII sell figure subsides, there will be no meaningful recovery.
18. If there are no more bad news from Chinese markets, Nifty may expire between 7800 and 8000.