Pre Market Report, April 25, 2018 | Stocks and Commodities

April 25, 2018
Time: 810 am

Pre Market Report:

1. US markets fell as bond yield spiked to 3%.
2. Dow fell 800 points from intrasay high to intraday low.
3. Asian markets are all lower.
4. SGX Nifty is down by more than 60 points.
5. Yesterday India VIX fell nearly 10% to close below 12.
6. There are no local cues today.
7. But Crude has fallen a bit is a good news.
8. FIIs continue to sell in Cash market and DIIs continue to buy.
9. FIIs continue to take bullish bets in F&O.
10. In the last two weeks, every time when Nifty fell, it recovered.
11. We have to see what happens today.
12. Most of the volume in this series happened between 10560 and 10580.
13. IT index has fallen for the last two days due to profit booking.
14. That has to do well if Nifty has to recover.
15. Reliance has broken out yesterday.
16. We have to see how Reliance and Maruti performs today. Both declare results on Friday.
17. Yes bank and Axis Bank will declare results tomorrow.
18. Markets may open gap down and stabilise at lower levels and may attempt a recovery in the afternoon.
19. We also have to see how European markets are reacting to US markets.
20. Nifty future may trade between 10520 and 10620.