Pre Market Report, January 1, 2020 | Stocks and Commodities

January 1, 2020
Time: 8 am

Pre Market Report:

1. Wishing all our readers a Happy and Prosperous New Year.
2. Our markets fell due to profit booking along with other Global markets.
3. Yesterday US markets were trading in neative for most part of the day and shot up in the final hour.
4. But we ended 2019 on a negative note.
5. Core sector growth data came in negative but better than last month.
6. Today we will get monthly Auto sales data.
7. Volume should be good as there was huge discounts were offered.
8. Thogh Nifty fell, broader markets were doing better.
9. Reliance came under huge selling pressure.
10. Today most markets are closed.
11. SGX Nifty is trading around 12250 but liquidity is very low.
12. FIIs have sold for Rs 1265 crores, that is really srprising on the last day of 2019.
13. However DIIs have bought for Rs 585 crores and that prevented markets from collapsing.
14. Today markets may open slightly higher and the auto sales data will decide the trend.
15. Index heavy weights have come under selling pressure due to profit booking.
16. Last year mid caps fell 4% while Nifty was up 12%.
17. Let us see whether mid caps catch up this time.
18. First one week of Janary is very important.
19. That will give some indication of FIIs investment trend.
20. If markets are up between Jan 1 and Jan 10, then we can turn bullish for the whole year.
21. Nifty future may trade between 12200 and12320.