Pre Market Report, January 20, 2016 | Stocks and Commodities

January 20, 2016
Time: 8.20 am

Pre Market Report:

1. Yesterday only I thought markets would stabilise.
2. India VIX was down by about 9%.
3. There was no huge intraday selling.
4. Heavily beaten down stocks recovered a bit.
5. Global markets did well.
6. Yet, in just one night, US markets have changed everything.
7. Dow futures were up about 200 points higher while we closed our markets here.
8. But Dow opened only 100 points higher and fell 250 points intraday and then recovered to close almost flat.
9. Now SGX Nifty is trading around 7370 which is about 70 points gap down.
10. This is a serious problem for bulls who are hoping for some recovery.
11. Reliance may not do very well despite declaring good results due to bad sentiment.
12. But it is a good share for long term investment.
13. Axis Bank will declare its results today which may bring volatility to Bank Nifty.
14. Commodity stocks will be under pressure as Crude is again falling.
15. Th way markets are behaving, it looks like markets will not recover for next few months.