Pre Market Report, October 5, 2016 | Stocks and Commodities

October 5, 2016
Time: 8.40 am

Pre Market Report:

1. US markets closed lower once again.
2. US is facing two big uncertainties.
3. One, November elections, but now it seems that the market is betting in favour of Clinton, Trump is likely to lose.
4. Second is the December rate hike which is almost sure.
5. So there is positive and one negative, though both are are certain, making markets move nowhere.
6. But Asian markets as well as European markets are not that negative.
7. SOme Asian markets are positive.
8. SGX Nifty hit a low of 8773.50 but now trading around 8805.
9. Now the key events like Surgical strike, RBI policy all are over.
10. Markets will digest the 25 basis point rate cut by RBI in the next few days.
11. I will not be surprised if our markets move higher today out performing the world markets.
12. That may happen in the afternoon.
13. Usually markets make significant move on a silent day when all events are over.
14. Now the focus will turn to more data like Crude oil inventory tonight, Private Sector jobs data tonight in US and US jobs report on Friday and many other data like IIP and inflation data.
15. Next week there will only be three trading session and IndusInd Bank, TCS and Infosys will come out with results.
16. In the next three weeks, corporate results will decide the market direction.
17. Today Nifty future is likely to take support at yesterday's low of 8765.
18. Resistance will be at 8840 followed by 8880.
19. There are no stock specific news.
20. Auto sector will continue to do well this month.