Pre Market Report, April 6, 2016 | Stocks and Commodities

April 6, 2016
Time: 9 am

Pre Market Report:

1. US markets closed lower for second day.
2. But some Asian markets are trading in Green.
3. Hong Kong, Japan, Australia, Indonesia are trading in Green.
4. Other Asian markets are trading with marginal losses.
5. Markets are stabilising after two days of sell off.
6. Crude prices are recovering.
7. US future are also trading with reasonable gains.
8. SGX Nifty is trading around 7630.
9. As I said yesterday, yesterday's fall seems to be a over reaction.
10. So markets may bounce back at least by 50 points by the end of today.
11. Reliance will be in focus as the news flow regarding Reliance Jio is very good.
12. As per a report, Reliance Jio will offer 4500 minutes of Voice Calls, 3000 SMS and 75GB mobile data for Rs 200 with 3 months validity.
13. Tata Motors will be in focus as JLR sales report was very good.
14. I expect Banks, Autos, Real estate to recover some lost ground.
15. As long as Nifty future is not breaking 7580, I will remain bullish.
16. Today Nifty future should take support at 7580.
17. Resistance will be at 7680.