Pre Market Report, February 25, 2014 | Stocks and Commodities

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February 25, 2014
Time: 7.45 am

Pre Market Report:

1. US markets rose, without any trigger.
2. S&P 500 hit all time intrday high.
3. Asian markets are up.
4. Emerging economy currencies are appreciating.
5. Here FII buying will help market sentiment to stay positive.
6. Yesterday night, SGX Nifty touched 6245.
7. Now it is trading around 6225.
8. If everything goes well, Nifty is likely to trade between 6220 and 6280.
9. Since the open interest is high at 6200 Call, gap up open at this point may trigger short covering.
10. Nifty is expected to expire between 6220 and 6280.
11. It is possible to settle down between 6280 and 6320 also, if there are more shorts in the system.