Pre Market Report, March 15, 2016 | Stocks and Commodities

March 15, 2016
Time: 8.55 am

Pre Market Report:

1. I could not write "Post Market Report" yesterday.
2. My house is under renovation, so I may not not be able to write the blog properly for next two to three weeks.
3. US markets closed almost flat.
4. Asian markets are marginally down.
5. Our markets under performed world markets yesterday.
6. FIIs have bought for more than Rs 1000 crores in cash market.
7. They have taken bullish view in F&O market also.
8. Yet markets are struggling as DIIs are selling in huge quantities.
9. I have not seen such a huge selling by DIIs at such a lower levels (we are 20% below last week high).
10. As I said there may be some big issue from Govt., DIIs are raising cash in order to bail the issue out.
11. Except DII selling, all other parameters look good.
12. CPI inflation came lower after 6 months and people are talking of rate cut with louder voice.
13. So Banking stocks may continue to out perform.
14. SInce last week our markets are in consolidation mode and we have to see how many more days it is going to consolidate.
15. After consolidation which way markets are likely to move?
16. Technical parameters are bearish and fundamental parameters are bullish.
17. So it is a confused signal.
18. So I will be bullish if 7600 is crosses on the higher side, and will become bearish if 7400 is broken on the downside.
19. Any rate cut outside the policy meet, will be a game changer for markets.
20. Nifty future is likely to trade between 7500 and 7600 today.