Pre Market Report, February 26, 2014 | Stocks and Commodities

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February 26, 2014
Time: 8.20 am

Pre Market Report:

1. US markets fluctuated between positive and negative due to bad housing data and consumer sentiment data.
2. Finally, US markets closed marginally negative.
3. So Asian markets are mixed today.
4. China is stabilising after 2% fall yesterday.
5. SGX Nifty is trading marginally down.
6. Continued FII buying will limit the downside.
7. We expected Nifty to expire near 6280, that seems to be difficult now.
8. Nifty is likely to expire between 6180 and 6240.
9. Anyway predicting market trend on expiry day is difficult.
10. Since the markets are at their high in February series, some kind of profit booking is not ruled out.