Pre Market Report, February 10, 2016 | Stocks and Commodities

February 10, 2016
Time: 8 am

Pre Market Report:

1. Markets are high volatile all over the world.
2. Yesterday US markets traded in Red and Green alternatively for 4 times.
3. Finally closed marginally lower.
4. Just look at this, Japan markets fell 7% in two trading sessions.
5. Indian markets will be falling 4% in three trading sessions.
6. Crude oil falling more than 7% in just one trading session yesterday.
7. European Banks falling more than 10% in just two trading sessions.
8. Japan currency appreciating by 6% even after announcing negative interest rates.
9. All these happening without main party spoiler China is closed for the whole week.
10. SGX Nifty now trading below 52 week low of Nifty.
11. Second largest PSU Bank announces a paltry profit of less than 100 crores and falling 6% even at this low level.
12. Some people think even Bank of Baroda and SBI will become two digit stocks soon.
13. FIIs have created huge long positions in F&O and that may support our markets at the lower level.
14. Janet Yellen's statement today, Crude oil movement tonight after US inventory report, SBI results tomorrow will be the key things to watch.
15. A sort of panic is gripping the world market and markets will shoot up by short covering if there is any good news.
16. That may come from Janet Yellen.
17. It is important to note that markets are falling with low volumes.
18. There was no big change in India ADR prices of Tata Motors, Infosys, Wipro, ICICI Bank, HDFC Bank. In fact HDFC Bank was up. Only Dr Reddy fell 2.7% in line with Indian price yesterday.
19.  Markets are so fragile, just Rs 200 crore selling by DIIs can bring such a bearishness.
20. There is no point in predicting the range for today in this volatile markets.