Pre Market Report, January 8, 2019 | Stocks and Commodities

January 8, 2019
Time: 8.25 am

Pre Market Report:

1. US markets closed moderately higher after a volatile session.
2. Asian markets are mixed.
3. Mostly flat with some positive and some negative bias.
4. SGX Nifty is almost flat.
5. Yesterday huge gap up was sold into.
6. People expected some trend to emerge in January 2019.
7. But nothing has happened so far.
8. If market goes down, buying comes, if market goes up, selling comes.
9. Nifty future has been trading between 10680 and 10980.
10. One major factor is the expected announcement by Govt. with regards to farm loans.
11. It is expected anytime this week.
12. This along with corporate results, IIP data, US-Chian Trade Talk all make this week trading volatile.
13. Yesterday both Nifty and Bank Nifty futures premiums have come down.
14. Housing Finance stocks fell yesterday.
15. Nifty will open flat one day and move significantly higher, about 80 to 100 points, then only short sellers will get out.
16. I will not be surprised if that happens today.
17. Remember yesterday for the first time in 2019, FIIs bought for more than Rs 700 crores in Cash market.
18. They were buyers in Index futures and Stock futures also.
19. Maruti and Tata Motors saw some action yesterday.
20. IndusInd Bank was very volatile ahead of its results.
21. IT stocks were higher ahead of results.
22. Nifty future may trade between 10780 and 10880.