Pre Market Report, October 30, 2015 | Stocks and Commodities

October 30, 2015
Time: 8.30 am

Pre Market Report:

1. US markets closed marginally lower.
2. Asian markets are all lower marginally.
3. Here also we are likely to consolidate at the lower levels.
4. Despite such a sharp fall, DIIs are not active.
5. So until they become active buyers, there may not be a meaningful rise.
6. For next one week, stock specific action will continue.
7. So far stocks fell just after the results except few stocks like reliance, Bajaj Auto etc
8. But now stocks are falling even just before results.
9. Today ITC, L&T, Kotak Bank are due to declare results.
10. All these stocks came under selling pressure in the last two days.
11. Dr Reddy declared very good results and is likely to move higher by 1% to 2%.
12. Nifty is likely to trade between 7800 and 8500 in November series.
13. We will discuss more about is in our "November Outlook".
14. Today Nifty future is likely to consolidate in the range of 8100 and 8200.
15. SGX Nifty is trading around 8140, almost flat compared to our close here at 8140.
16. Indigo IPO though got very good response from FIIs, response from retail was very bad.
17. Domestic Banks and Insurance companies subscription also very low.
18. So it may be another Jet Airways trading at half the issue price after 7 years.
19. SH Kelkar is a better issue for those who want to apply for in IPO.
20. I bought a new car recently, bloggers may guess the Car Brand and Model.
21. Got a special number which usually Indians do not like, bloggers may guess the number also.