Pre Market Report, March 22, 2016 | Stocks and Commodities

March 22, 2016
Time: 8.55 am

Pre Market Report:

1. US markets closed flat with positive bias.
2. Asian markets are mixed.
3. SGX Nifty is almost flat.
4. Yesterday FIIs have bought for more than 1300 crores.
5. That is a huge buying that too after market has run up from 6800 to 7600.
6. On Friday, at least one sector closed in Red, i.e. Pharma sector.
7. Yesterday all sectors closed in Green.
8. Markets are trading at the resistance level.
9. Nifty may not cross 7800 by this week.
10. But major correction is ruled out.
11. Now people will go for 'Buy on dips' strategy.
12. Any fall of more than 50 points in Nifty will be bought.
13. Now Nifty should take support at 7600.
14. Auro pharma is showing momentum as it will be included in Nifty from April.
15. Market will be volatile within a range.