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

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February 28, 2014
Time: 8.30 am

Pre Market Report:

1. US markets rose once again.
2. S&P 500 closed at record high.
3. So sentiment in Asia is positive.
4. Most Asian markets are up.
5. They were up yesterday also.
6. So our markets will digest two days of upmove.
7. SGX Nifty is trading above 6300, hit a high of 6322 in the morning trade.
8. Ahead of weekend holidays, people may not go short.
9. Nifty future will find resistance at 6320 and if that is crossed decisively, then next resistance will be at 6380.
10. As we always say, Friday afternoon trade will be difficult to predict.