Pre Market Report, March 12, 2014 | Stocks and Commodities

Sponsored by

March 12, 2014
Time: 7.45 am

Pre Market Report:

1. US markets fell due to profit booking, China and Ukraine problems.
2. Asian markets are down.
3. China index is below 2000 once again.
4. SGX Nifty is trading around 6525.
5. Yesterday despite all sectors falling, Nifty was only marginally down.
6. FIIs have bought more than 1000 crores on three consecutive days.
7. This has happened after a very long time.
8. So the downside will be limited to another 80 to 100 points not more than that.
9. Today Nifty future should take support at 6520 failing that next support is at 6500 which is very strong support.
10. Resistance will be at 6580.
11. People will not like to carry short positions ahead of Inflation and IIP data.