Pre Market Report, January 19, 2016 | Stocks and Commodities

January 19, 2016
Time: 8.45 am

Pre Market Report:

1. US markets were closed yesterday.
2. SO there is no cue from the mother market.
3. Asian markets are mixed.
4. China GDP data came at 6.8 against the general expectation of 6.9.
5. Still it is a decent number, well within the range and there is no nasty negative surprise.
6. After the data though markets are fluctuating, there no sharp negative reaction in any market.
7. HCL Tech. has declared a decent result.
8. So SGX Nifty is showing slight positive bias.
9. The worst seems to be over for our market, the only concern is the FII selling.
10. Once that subsides, our markets are likely to recover.
11. Markets need not go up, it has to stabilise first without much volatility.
12. VIX is trading above 20 which is not a good sign.
13. For long term investors, this is the best time to invest in our markets.
14. For short sellers, it is not a good time as markets may bounce back anytime.
15. Let us see whether markets are as volatile as it was in the last few days.