Pre Market Report, April 30, 2014 | Stocks and Commodities

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April 30, 2014
Time: 8.40 am

Pre Market Report:

1. US markets rose due to good corporate earnings.
2. Most Asian markets are up.
3. But there will be no significant movement ahead of Fed decision tonight regarding Fed Tapering and Interest rates.
4. SGX Nifty is trading at 6780.
5. Markets are likely to consolidate for next one or two days.
6. IDBI, Kotak Mahindra Bank will declare results today.
7. Due to election results fear, most traders are away.
8. So volume is very less and that adds to the volatility.
9. Nifty future should take support at 6740.
10. The resistance will be at 6820.