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

September, 8, 2016
Time: 9 am

Pre Market Report:

1. US markets closed mixed.
2. Asian markets are also mixed.
3. SGX Nifty is also volatile.
4. Yesterday FIIs have bought in Cash market in huge quantities.
5. But they have sold heavily in stock futures.
6. DIIs have sold heavily in Cash market.
7. So markets may go for consolidation.
8. But eventually markets will breakout and test all time high.
9. But that needs some more trigger.
10. May be after the FOMC meeting in the fourth week of September.
11. TCS will come under pressure due to profit warning.
12. Generally IT stocks will drag the markets.
13. Selling pressure may be there until 15th September due to advance tax issues.
14. If markets fall, then that will be the better time to buy Call options.
15. Nifty future may trade between 8880 and 8980.