Pre Market Report, March 16, 2018 | Stocks and Commodities

March 16, 2018
Time: 8.45 am

Pre Market Report:

1. India's under performance continues.
2. When world markets rise, we do not rise due to local cues.
3. When world markets fall, we do fall.
4. SGX Nifty is trading around 10320 which is about 45 points lower than yesterday's close.
5. Markets fell in the last half an hour.
6. Every week on Thursdays markets fall in the last half an hour.
7. Now Bears are in complete control of the market.
8. Only a huge gap up can scare them.
9. For that huge gap up, we need a trigger.
10. As of now we do not have any trigger.
11. So markets continue to drift lower.
12.  In addition to Banking Scam, now TDP withdrawing from NDA ia another big bad news.
13. Everything looks very bad.
14. Sometimes, when everything looks bad, smart short sellers will start closing their positions.
15. Also people who want to invest huge money will enter during phase of the market.
16. So last one hour of trade is very important today.
17. Traders will not like to carry positions over the weekend.
18. This TDP news can come either way. BJP may try to pacify Mr Chandrababu Naidubefore 5 pm.
19. Markets can take both positive and negative news.
20. But can not take the uncertainty.
21. If Nifty breaks 10280, then the selling will accelerate.
22. Resistance will come at yesterday's high.
23. FII continue to sell in Cash market but they are heavily buyers in F&O.
24. In my opinion, they are selling mid cap and small cap stocks in Cash market and taking long positions in large cap stocks in F&O.