Pre Market Report, September 10, 2015 | Stocks and Commodities

September 10, 2015
Time: 8 am

Pre Market Report:

1. Markets are showing their true colours.
2. Markets are highly volatile world over.
3. Yesterday I could not write the report due to my Sun TV program.
4. Day before yesterday, afternoon Bank Nifty fell more than 500 points from intraday high and Nifty fell fell more than 150 points from intraday high.
5. Yesterday, Bank Nifty was up by more than 600 points from intraday low and Nifty was up by more than 120 points from intraday low.
6. Today it seems that there will be a gap up opening of around 100 points.
7. SGX Nifty is trading around 100 points up at this point of time.
8. SGX Nifty has hit a high of 8857.
9. Technical people say there must be resistance here, if not, markets are likely to reverse and move higher.
10. Surely, there will be panic among the short sellers today morning. More than 100 points gap up is not expected by them, that too when positive global cues were factored in yesterday.
11. US markets closed at the high point of the day, Nasdaq has turned positive for the year.
12. Japan as usual swing in a big way and also turned positive for the year.
13. For such a big down move and up move, there are no specific news.
14. The game is not over yet, the real ugliness of the markets will be known next week when Fed meets.
15. Markets are not likely to stabilise until Fed announcement regarding interest rates next week.
16. September month is a roller coaster ride, may be good for long term investors but surely not for traders.
17. Bank Nifty will make another 500 points move today.
18. It is better for traders to be away for some times from the markets.
19. Things should stabilise by the end of the month.
20. Despite such sharp up move, FIIs continue to sell in cash markets.
21. Use this up move in Nifty and down move in VIX, buy Put option to protect the downside, in case if you are holding long positions.
22. Otherwise exit the longs, surely you will get better opportunity next week.