Pre Market Report, May 7, 2014 | Stocks and Commodities

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May 7, 2014
Time: 8.45 am

Pre Market Report:

1. US markets ended down in a broad based sell off.
2. Technology stocks fell more both in India and US.
3. Dollar index is inching lower.
4. That is good for Indian Rupee.
5. SGX Nifty is trading flat.
6. There are no important companies declaring results today except Lupin.
7. Markets are likely to trade sideways for another one or two days.
8. Before the exit poll results there may be some short covering.
9. Today Nifty future should take support at 6700.
10. Resistance will be at 6800.