Pre-market at a glance

1. Previous day Nifty spot closed at 11132.60
2. Previous day Nifty futures closed at 11126
3. Previous day Bank Nifty spot closed at 22882.60
4. Previous day Bank Nifty futures closed at 22832
5.  At 8:00 AM SGX Nifty is almost flat to mild negative
6. At 8:00 AM Dow futures is 0.15% down
7. At 8:00 AM Comex gold is 1866
8. As mentioned in earlier blogs that both silver and gold will move northward, accordingly as per our prediction both of them are having a party time
9. Remember silver will outperform safe haven
10. As said earlier that volatility will increase, we have seen a surge in the same yesterday. Going forward it will increase further. Hence, time to be cautious
11. US asked China to close Consulate General in Houston in 72 hours. In retaliation to that China considers closure of US consulate in Wuhan. A new cause of tension between the two largest economies of the world
12. Watch Dollar index minutely
13. Both Nifty and Bank Nifty seems to have made short term top, will be more clear after today's move
14. USDINR still holds its major level i.e., 74
15. Major results for today are HDFC Asset Management Company Ltd, Biocon

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