Pre Market Report, February 4, 2014 | Stocks and Commodities

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February 4, 2014
Time: 8.45 am

Pre Market Report:

1. US markets fell again.
2. Dow was down by more than 200 points and Nasdaq was down by more than 100 points.
3. All Asian markets are down.
4. SGX Nifty is trading about 70 points down.
5. Gap down opening below 200 DMA will create some panic.
6. The trading range of 6000-6400 is clearly broken down.
7. Now the trading range may shift to 5800-6200 range.
8. Finance Minister has hinted that there may be some excise duty and service tax tinkering during vote on account on Feb. 17.
9. Until then this range may hold.
10. Today's range for Nifty future will be very wide, from 5920 to 6000.
11. There are no important Q3 results today.