Pre Market Report, March 1, 2017 | Stocks and Commodities

March 1, 2017
Time: 9.15 am

Pre Market Report:

1. Could not write "Pre Market Report" in time due to some family problems.
2. In Pre Market, Nifty closed about 25 points higher and Bank Nifty about 91 points higher.
3. Even yesterday though Spot Nifty was down by 20 points Nifty future did not fall.
4. Futures traders are not convinced about the fall.
5. Today monthly auto slaes and cement sales data will be watched keenly.
6. Yesterday's GDP data came at 7% which is a respectable fighure despite Demonetisation.
7. Nifty future is likely to trade between 8880 and 8980.
8. Non Banking stocks are doing well, in the last two to three years, it is Banking and Auto stocks that did very well.
9. Now slowly other sectors may catch up.
10. I stop here as I have to start trading.