Pre Market Report, August 31, 2017 | Stocks and Commodities

August 31, 2017
Time: 8.20 am

Pre Market Report:

1. I could not write "Pre Market Report" yesterday due to some personal work.
2. Yesterday US markets were up despite Trump's comment about North Korea.
3. Today most Asian markets are up.
4. Only Hong Kong and China are down marginally.
5. But these two markets were up significantly in the last few days.
6. It must remembered that two days back when our markets fell the most in last 9 months, China closed in Green on that day.
7. Yesterday FII selling was very little.
8. But the disturbing factor is that they keep selling everyday irrespective of market conditions.
9. They have sold for more than Rs 15,000 crores in this month alone.
10. China Manufacturing PMI has come better than expected.
11. SGX Nifty is trading about 15 to 20 points lower which is really puzzling.
12. Trade set up has been the same with FIIs selling in Cash market, DIIs buying in Cash market and FIIs buying in F&O market.
13. Markets may be volatile due to expiry.
14. GDP data will be out today evening and that may also add jitterness to the markets.
15. Markets may trade plus or minus 20 to 30 points until afternoon.
16. There may be a sharp move on either side after 3 pm.
17. So be ready for another roller coaster ride today.
18. Nifty future is likely to trade between 9820 and 9920.