Pre Market Report, February 3, 2014 | Stocks and Commodities

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February 3, 2014
Time: 8.15 am

Pre Market Report:

1. As we have reported yesterday, our markets are expected to open lower.
2. Most Asian markets are down.
3. SGX Nifty is trading about 30 points lower.
4. Divis Lab and Lupin are set to declare results today which will affect Pharma stocks today.
5. Bulk deal in United Spirits will lift the spirit in this stock.
6. Most Auto companies except TVS declared bad monthly sales data.
7. So Auto stocks will be weak today.
8. IDBI declared very bad results on Saturday, so banking stocks will also be weak.
9. So once again weakness in Auto, banking stocks and strength in IT and Pharma stocks.
10. Nifty future should take support around 6060 and resistance will be at 6120.