Pre Market Report, January 28, 2014 | Stocks and Commodities

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January 28, 2014
Time: 9 am

Pre Market Report:

1. US markets stabilised.
2. Asian markets are also stabilising.
3. Our markets are also expected to stabilise.
4. But after RBI policy there will be some swing.
5. In our opinion, there will be no policy change.
6. Since Banking stocks are oversold, there could be some short covering there.
7. Rupee has opened above 63.
8. As we reported yesterday, Nifty should take support at 6120 and resistance will be at 6180 and if RBI cuts interest rates then resistance will be at 6220.