Pre Market Report, February 20, 2014 | Stocks and Commodities

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February 20, 2014
Time: 7.45 am

Pre Market Report:

1. US markets fell.
2. Most Asian markets are down.
3. But China is up.
4. Strong FII buying will limit the downside here.
5. SInce markets have gone up in the last few days, it may consolidate.
6. During the consolidation mode, markets will move up or down by 0.5%.
7. SGX Nifty is trading about 0.5% down, at 6131.
8. Profi booking may emerge in IT and Pharma stocks.
9. Otherwise today may be a lackluster day.
10. Nifty future should find support at 6120.

Note: Just now China Manufacturing PMI came at 48.3 against the expectation of 49.4 which is a 7 month low figure. So Chinese markets also started falling.