Pre Market Report, May 30, 2018 | Stocks and Commodities

May 30, 2018
Time: 9.05 am

Pre Market Report:

1. US markets fell drastically.
2. Italy is bringing down all the markets.
3. Asian markets are all down.
4. SGX Nifty is down by more than 70 points.
5. But we have fallen already so much yesterday.
6. So SGX Nifty may not be a true reflection.
7. Crude prices, Good monsoon are two positive triggers for us as and when dust settles down.
8. Nifty has made 100 point move on the upside for 3 days and 100 point move on the downside yesterday.
9. Option buyers must be enjoying, if their direction is right.
10. Auto stocks may stabilise.
11. Rural theme will do well due to good monsoon.
12. Banks may be under pressure.
13. Expect Nifty future to take support at 10520 in case of very bearish mood.
14. Resistance will be at 10650.