Pre Market Report, May 13, 2016 | Stocks and Commodities

May 13, 2016
Time: 8.45 am

Pre Market Report:

1. US markets closed mixed after a volatile session.
2. Asian markets are mostly down.
3. SGX Nifty is trading at 7875.
4. This is a huge gap down.
5. IIP and Inflation data came yesterday was very bad.
6. Economic recovery is a long way to go.
7. Monsoon may change the sentiment but actual economic recovery may take another 6 months to one year.
8. Yesterday both FIIs and DIIs were on the buy side in Cash market.
9. FIIs were net buyers in all segments of F&O market.
10. So the downside may be limited.
11. Bank of Baroda will be in focus ahead of its results today evening.
12. Stocks affected by MSCI rejig will be in focus.
13. LIC increased stake in HDFC, HDFC Bank, Tata Motors, TCS and Maruti during the last quarter.
14. So these stocks may also see some action.
15. Nifty future has been trading between 7700 and 8000 for the last two weeks.
16. The trend may continue until we get some confirmation about monsoon.
17. Monsanto shot up by 32% in the last two trading sessions.
18. Nifty future should take support at 7860.
19. Resistance will be at 7940.
20. Last two hours of trading is very important today.
21. Let us not forget that today is Friday the 13th. Anything can happen.