Pre Market Report, December 28, 2015 | Stocks and Commodities

December 28, 2015
Time: 8.25 am

Pre Market Report:

1. US markets were lackluster just before Christmas due to low volume and shortened trading session.
2. Asian market are marginally higher.
3. China and Hong Kong are marginally down due to bad economic data.
4. SGX Nifty is trading around 7890 which is 15 points higher than Nifty future close here on Friday.
5. Crude oil is down, now Brent crude is trading lower than US crude.
6. Reliance will be in focus after launching Reliance Jio over the weekend.
7. Auro Pharma is also a stock to watch as it has been receiving many US FDA approvals.
8. Markets are not expected to make any big moves in first three days of this week.
9. So today Nifty may move between 7840 and 7920.
10. The first resistance will be at 7920 and the second resistance will be at 7980.
11. First support is at 7830 and the next support will be at 7780.
12. Nifty is expected to expire between 7780 and 8020.
13. Markets will be volatile due to low volume.