Pre MArket Report, March 21, 2014 | Stocks and Commodities

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March 21, 2014
Time: 8.50 am

Pre Market Report:

1. US markets bounced back.
2. Yesterday FIIs have bought for more than 500 crores.
3. Today is Friday.
4. SO these three factors will make sure that our markets will go up.
5. SGX Nifty is trading around 6530.
6. Nifty may go up, but Bank Nifty will be under pressure.
7. This is because of SUUTI sale of Axis BAnk shares.
8. Axis Bank is likely to fall by 5% today in the morning.
9. Today Nifty future should find support at 6490, yesterday' low.
10. Resistance will be at 6580.
11. Friday afternoon anything can happen.