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

July 1, 2016
Time: 8.20 am

Pre Market Report:

1. US markets closed higher once again.
2. Most world market have erased the loss due to Brexit.
3. Nifty as expected closed at the highest closing of the month.
4. In My expiry, it was highest intraday closing high also, but this time Nifty expired slightly lower than intraday high.
5. FIIs have bought for about Rs 1100 crores in Cash market is a good news.
6. Central Banks all over the world are likely to follow loose monetary policy and that is good for stock markets.
7. New month, again all usual new data.
8. We are starting the month sentimentally positive with the first news that petrol and diesel prices are cut marginally.
9. Today along with this price cut news, monthly auto sales data will keep Auto stocks buzzing.
10. Even yesterday after 3 pm, Auto stocks like Maruti and Bajaj Auto shot up.
11. Manufacturing PMI data that came from China was disappointing but China markets are up despite that.
12. We will get our Manufacturing PMI at 10.30 am.
13. Monsoon has been progressing very well and that is the single most big positive news for India.
14. All rural related stocks are likely to do well.
15. Core sector growth came lower yesterday but that may not have any big effect in the markets.
16. Markets may consolidate for few days as Nifty has shot up from 7927 on last Friday to 8308 yesterday.
17. The next trigger may take Nifty to 8500 to 8600 levels.
18. That may happen in the second half of July series.
19. Today Nifty future may trade between 8280 and 8380.