Pre Market Report, November 18, 2016 | Stocks and Commodities

November 18, 2016
Time: 8.50

Pre Market Report:

1. US markets closed higher.
2. But Asian markets are mixed.
3. Australia, Hong Kong, China, Singapore are slightly up and Indonesia, south Korea, Taiwan are slightly down.
4. Yesterday night, SGX Nifty closed at 8130.
5. But today morning, it opened at 8048 but recovered.
6. Now SGX Nifty is trading around 8085.
7. This is due to rise in Dollar index.
8. Janet Yellen's yesterday's comment is also being digested by the markets.
9. Now December rate hike in US is almost sure.
10. Markets are going to be volatile today also.
11. Yesterday markets fell drastically between 2.30 pm and 3 pm but shot up between 3.00 pm and 3.30 pm.
12. All technical indicators are showing that we are somewhere near the bottom.
13. Earlier, I said at 8500, it was time to buy in Cash market for long term.
14. There are two 'Black Swan' events happend after that, first Trump winning and second 'Demonetisation'
15. As I am leaving urgently due to some emergency, I stop here.