Pre Market Report, Agust 10, 2017 | Stocks and Commodities

Agust 10, 2017
Time: 8.25 am

Pre Market Report:

1. US markets closed lower moderately.
2. The kind of newsflow that US has and the kind of rally Dow has seen from 16000 to 22000, the fall is very very low.
3. That shows the bullishness of the markets.
4. But Asia is in for a rough ride.
5. That is because North Korea's detailed plan announcement for launching ICBM to reach an area near Guam, note that it is not Guam, an area near Guam.
6. Earlier the medium range missiles used to land waters near Japan.
7. When they tested Long Range missile, they used vertical trajectory instead of horizontal trajectory.
8. Now North Korea may use Horizontal trajectory to reach waters near Guam.
9. But the financial markets are jittery as everyone is sitting with good profits.
10. SGX Nifty is trading about 15 points lower, trading below 9900 after hitting an high of 9928.
11. So bad news after bad news, markets are likely to be under pressure.
12. But there will be intraday bounces here and there.
13. It is better to sell Call options on every bounce.
14. Markets may stabilise only next week.
15. Tomorrow there are many key companies set to declare results like SBI, Bank of Baroda, Hindlaco, REC, Sun TV, etc.
16. Today's results include BHEL, PFC, Bharat Forge, Motherson Sumi, etc.
17. Tata Motors ADR was down by 6%. Tata Motors was down by 3% yesterday here so it can fall 3% today.
18. Another bad newsflow, another bad day, let us see how market moves.
19. DIIs using this correction as good opportunity to buy heavily.
20. FIIs were net buyers in Index Futures and Stock Futures while they have sold in Cash market.