Pre Market Report, May 9, 2016 | Stocks and Commodities

May 9, 2016

Time: 8.55 am

Pre Market Report:

1. In the morning Australia and Japan opened firmly in Green.
2. SGX Nifty hit a high of 7815.
3. Then at 7 am, China markets opened and fell by 1.5%.
4. China has been the party spoiler for last many months.
5. Then other markets gave up most of the gains.
6. SGX Nifty now trading around 7775.
7. China is trading about 2% lower.
8. China fell without any economic data.
9. So much awaited recovery may not happen today in our markets.
10. HUL results will a key event to watch today.
11. I sold HUL 900 Call option on Friday at Rs 8.75.
12. Markets may consolidate with positive bias today.
13. Thyrocare listing will be today and that may add positive sentiment to the markets.
14. Reliance Capital came out with good set of numbers, so Anil Ambani stocks will be in focus today.
15. Andhra Bank came out with bad set of numbers, so PSU Banks may be under pressure.
16. Nifty future will face resistance at 7820.
17. Support will be at 7720.