Pre Market Report, April 1, 2016 | Stocks and Commodities

April 1, 2016
Time: 9 am

Pre Market Report:

1. US markets ended mixed.
2. Most Asian markets are down.
3. Japan Nikkei index is down by almost 500 points.
4. PMI data that came from Japan was not good.
5. But the same data from China was good.
6. Our Core Sector growth data is also very good.
7. Capital goods sector will be in focus after this data.
8. SGX Nifty fell by 70 points after the Japan's data.
9. But our markets will be buy on dips market for now.
10. Any fall of more than 50 points in Nifty will be used as buying opportunity.
11. Banking and rate sensitives will be in focus ahead of RBI policy.
12. Auto and Cement stocks will be in focus as monthly sales data is due today.
13. Nifty future is likely to take support at 7720..
14. Resistance will be at 7820, yesterday night high of SGX Nifty.