Pre Market Report, October 1. 2018 | Stocks and Commodities

October 1. 2018
Time: 8.25 am

Pre Market Report:

1. US markets closed at its best.
2. But our markets closed very bad on Friday.
3. ASian markets are mixed.
4. Hong Kong and China markets are closed.
5. SGX Nifty is trading almost flay.
6. For the last one month, we have not been following Global cues. SGX Nifty trades based on Global cues, generally.
7. Over the weekend, IL&Fs came with some proposal for rights issue and settling of debt.
8. Bandhan bank bad news may be sentimental negative for banking stocks.
9. People are worried about Kotak Bank which has similar issue.
10. On Friday Bank Nifty was better than Nifty.
11. Today Auto and Cement monthly sales data will influence the auto and cement stocks.
12. Bluest of blue chip stocks have corrected more than 20%.
13. Bank Nifty is in oversold region.
14. If there is any good news, short covering may come.
15. But everyday we have been waiting for that but markets keep going down.
16. Markets can stay irrational until we become bankrupt.
17. On Friday FIIs have sold heavily and DIIs have bought heavily.
18. The real problem will come only when retail people want to exit mutual funds.
19. Until then markets may stabilise and may even recover also.
20. Bull market corrections are sharp and swift.
21. We need to see whether this correction is a bull market correction or structural down trend.
22. Crude is trading above US$83 and that is not good news for us.