Pre Market Report, August 7, 2015 | Stocks and Commodities

August 7, 2015
Time: 8.45 am

Pre Market Report:

1. US markets closed ahead of key employment report.
2. Asian markets are trading with negative bias.
3. China and Hong Kong are trading in Green.
4. Yesterday the FII buy figures were very low.
5. So SGX Nifty is trading lower at 8590.
6. Fresh longs were created yesterday in both Nifty and Bank Nifty.
7. PCR Ratio has gone up from 0.96 to 0.99 indicating there are more put writers than call writers.
8. Put writers are aggressive at 8200.
9. Tata Motors and M&M will declare results, both stocks have been under performing in the last few weeks.
10. So the expectation is low and if there is any positive surprise, stocks may move higher due to short covering.
11. IndusInd Bank may be under pressure as they allot shares to promoters at almost 100 rupees discount.
12. Yesterday markets tried to breakout but failed.
13. Markets are likely to trade range bound in the first half of the session and there may be some sharp move towards the end in either direction.