Pre Market Report, July 8, 2016 | Stocks and Commodities

July 8, 2016
Time: 8.35 am

Pre Market Report:

1. US markets were almost flat ahead of jobs data.
2. Private sector ADP Non Farm Payroll data came yesterday better than expected.
3. So today’s Payroll data is expected to be around 175000.
4. Any figure which is much different from this figure will affect the equity markets.
5. A figure of more than 2,00,000 will increase the expectation of rate hike once again and that is not good for bulls.
6. Any figure below 1,00,000 will be interpreted as economy is not recovering and that is also not good for markets.
7. So a figure between 1,50,000 and 2,00,000 will be good for markets.
8. Asian markets are also not going anywhere ahead of the crucial jobs data.
9. SGX Nifty is trading between 8340 and 8360.
10. This shows the indecision.
11. Nifty future was trading around 8350 and the Lupin’s news in the last half an hour lifted the Nifty future by about 20 points.
12. Nifty future is highly volatile between 8300 and 8400.
13. Yesterday both FIIs and DIIs were net sellers in Cash market.
14. In F&O also mostly FIIs have sold.
15. So the sentiment may not be very good today.
16. At the same time, there may not be any shorting ahead of crucial jobs data.
17. We can expect buying closer to 8300 and selling closer to 8400.
18. There are triggers for the markets to break the range.
19. Triggers may come next week from Inflation data, IIP data and some corporate results.
20. Nifty future may trade between 8300 and 8400 today.