Pre Market Report, August 19, 2016 | Stocks and Commodities

August 19, 2016
Time: 8.55 am

Pre Market Report:

1. US markets closed higher once again.
2. But Asian markets are mixed. 
3. SGX Nifty is trading around 8670 after hitting a high of 8712.
4. FII buying in Cash market has slowed down and DII selling also slowed down.
5. There is huge activity in options, FIIs have bought index options worth Rs 1355 crores yesterday.
6. People are expecting some sharp move next week.
7. Banks and Auto are moving higher but IT index is dragging the markets.
8. Even after three weeks into August series, Nifty is almost flat.
9. There are no important corporate results today.
10. Midcap index hit another all time high yesterday.
11. We need to see how SBI reatcs to meger news.
12. We can expect a rangebound trade in the morning and a sharp move towrds the end of the day.
13. Volatility index is on the rise in the last two days which may come down by the end of the day.
14. Subscription figure of RBL Bank IPO will be watched keenly.
15. Bank Nifty may consolidate after a huge run yesterday.
16. Nifty future may trade between 8650 and 8740.