Pre Market Report, March 22, 2018 | Stocks and Commodities

March 22, 2018
Time: 8.30 am

Pre Market Report:

1. Fed has indicated only 3 rate hikes this year.
2. US markets shot up.
3. But the news that Trump is likely to announce China related trade measures, markets fell and closed in negative.
4. Trump is likely to announce trade measures asking China to reduce the trade surplus by 60 billion.
5. Asian markets are mostly higher but Hong Kong and China are reacting to trade war news.
6. Hong Kong was up by 200 points in the morning but now trading 200 points lower.
7. Yesterday also Hong Kong markets fell by 550 points intraday.
8. Both Hong Kong and China are reacting very badly, this shows that the news of trade war has some substance.
9. SGX Nifty has also fallen from intraday high of 10240 to 10180.
10. SGX Nifty falling 60 points in the pre market is a very bad news for us.
11. So markets can be highly volatile today also.
12. Yesterday both FIIs and DIIs were net buyers in Cash market.
13. But FIIs were net sellers in F&O market.
14. Bank Nifty weekly expiry will also bring some volatility.
15. Nifty future may trade between 10150 and 10250 with high volatility.