Pre Market Report, March 13, 2014 | Stocks and Commodities

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March 13, 2014
Time: 8.30 am

Pre Market Report:

1. US markets ended mixed.
2. But they recovered from their intraday lows.
3. So Asia is positive now.
4. At 11 am, China Manufacturing data will be released.
5. That will have some effect in Asian markets, but one good thing is that everybody is expecting bad news, so there may not be any negative surprise.
6. IIP data and Inflation data declared yesterday will have some positive effect in our markets.
7. Nifty has been finding resistance around 6600.
8. Once it is broken, Nifty will head towards 6680 to 6720 range.
9. SGX Nift is trading about 15 points higher.
10. Today at least in the first half, Nifty future will find resistance at 6600, support will be at 6520.