Pre Market Report, January 29, 2014 | Stocks and Commodities

Sponsored by

January 29, 2014
Time: 7.45 am

Pre Market Report:

1. US markets rose after 6 days.
2. Asian markets are trading firmly in positive territory.
3. SGX Nifty is trading above 6150.
4. Today there are no market moving news.
5. Today's key results are Bharti Airtel and ICICI Bank, which will affect telecom and Banking Stocks.
6. Ahead of Fed announcement tonight the markets will not move significantly on either side as the possibility of gap up or gap down is high tomorrow.
7. Global cues are good and that is positive . At the same time two consecutive days of huge selling by FIIs and that is negative. SO markets should be neutral.
8. Indian Rupee is trading at 62.35 in overseas markets and that is very good.
9. Nifty should find support at 6120.
10. Resistance will be at 6180.