Pre Market Report, December 14, 2015 | Stocks and Commodities

December 14, 2015
Time: 8.30 am

Pre Market Report:

1. US markets fell drastically on Friday.
2. Dow fell more than 300 points after Crude fell more than 5%.
3. Crude oil fell more than 10% in three days.
4. Asian markets are all in Red except China.
5. SGX Nifty is trading around 7550 very close to 52 week low.
6. So it is the "Perfect Storm" ahead of Fed event.
7. Many blue chip stocks are trading at 52 week low, on Friday 8 of Nifty 50 stocks hit 52 week low.
8. More than 300 out of BSE 500 stocks are trading at 52 week low.
9. Bullish sectors like Pharma and Private Sector Banks are all joining the falling markets.
10. On Friday two key private sector banks, ICICI and Axis hit 52 week low.
11. IIP close to 10%, Mumbai - Ahmadabad bullet train dream coming true, Crude oil is available at one third of the price it was one year before, both DII and FII bought shares on Friday, all these have been forgotten as markets are bearish.
12. Maruti may not fall in this bearish market as Maruti will be exporting to Japan.
13. Most technical people feel that Nifty should take support around 7500.
14. LIC may also step in t buy the shares as the prices are really attractive.
15. Large Cap stocks fell an average of 14% while mid caps fell only 8%.  So even if markets fall further, mid caps and small caps may fall more than large caps.
16. Nifty future should take support at 7520.
17. Resistance will be at 7620.