Pre Market Report, January 27, 2020 | Stocks and Commodities

January 27, 2020
Time: 8 am

Pre Market Report:

1. US markets closed negative on Friday.
2. Today US and European futures are down significantly.
3. Nikkei is down by more than 400 points.
4. SGX Nifty is down by more than 100 points.
5. All due to Corona Virus.
6. Now Corona Virus is spreading to stock markets.
7. Many Asian markets are closed today.
8. India may be least affected from Corona Virus.
9. Due to Corona Virus, Crude is likely to fall further.
10. Today it is down by more than 2%. broke Friday
11. ICICI Bank came with good results.
12. That may support Bank Nifty.
13. At the same time Bank of Baroda came with bad results.
14. That may drag PSU Banks.
15. SGX Nifty is trading close to Friday's low.
16. Markets may open around Friday's low due to knee jerk reaction.
17. After that markets may recover.
18. Both FIIs and DIIs were net buyers in Cash market after a long time.
19. That is a very good sign.
20. Bank Nifty may out perform due to ICICI Bank.
21. January series has been a very volatile series.
22. Two weeks before it was US-Iran tension.
23. Now it is Corona Virus.
24. But still Nifty has been trading between 12000 and 12500, a range which have been mentioning every time.
25. Nifty future may trade between 12140 and 12280.