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

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May 12, 2014
Time: 8.15 am

Pre Market Report:

1. US markets rose on Friday.
2. Asian markets are mixed.
3. China's growth slow down and Russia-Ukraine problem are still there.
4. But for us, it is only election, nothing else.
5. There is a report that NDA is likely to get 260 to 270 seats against earlier projection of 230 to 240 seats.
6. This is based on leakage of opinion poll results.
7. Is this rumour right or wrong, we will know by today evening.
8. Those who just went long based on technical, may like to book the profit at some point of time in today's trade.
9. That may trigger a slight downfall in Nifty.
10. Markets will be volatile, but may not move significantly on either side ahead of exit poll results.