Pre Market Report, April 28, 2014 | Stocks and Commodities

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April 28, 2014
Time: 8.30 am

Pre Market Report:

1. Most Asian markets are down.
2. SGX Nifty is down by about 10 points.
3. Ukraine problem is surfacing again.
4. Yesterday, pro Russian activists have taken 7 international monitors as hostages and paraded them in public.
5. Europe and US are readying with more sanctions against Russia.
6. Since markets all over the world fell already on Friday due to Ukraine problem, the fall today may not be severe.
7. But any escalation in tension, markets are likely to fall further.
8. Also Fed meeting tomorrow and day after tomorrow will also keep traders edgy in the markets.
9. So things are not that rosy for this week.
10. L&T has got an order for Rs 4500 from Qatar Railways, so it will be in focus today.
11. Stikr by employees of bajaj Auto has been postponed by 2 weeks and hence this stock will also be in focus.
12. HUL is declaring results which will affect the sentiment of FMCG stocks today.
13. Nifty future should take support at 6780.
14. The resistance will be at 6860.