Pre Market Report, February 9, 2014 | Stocks and Commodities

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February 9, 2014
Time: 7.45 am

Pre Market Report:

1. Two consecutive days of triple digit gain in Dow lifted sentiment across Asia.
2. Most Asian markets are up.
3. SGX Nifty is trading at 6100. It hit a high if 6146 on Friday night.
4. There are no market moving news today.
5. Tata Motors, NMDC and JP Associats will declare results today.
6. DLF has sold Amman Resorts which is a positive for DLF.
7. Rupee is expected to open stronger, closer to Rs 62 per dollar.
8. Pharma, Auto and Banking stocks will be in focus this week as Dr Reddy, Cipla and Sun Pharma declare the results this week.
9. Nifty future will find support at 6080.
10. Resistance will at 6140.
11. If there are no more basket selling, then Nifty future can easily cross 6200 in this week.