Pre Market Report, May 8, 2014 | Stocks and Commodities

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May 8, 2014
Time: 8.30 am

Pre Market Report:

1. US markets rose again.
2. It was one day up and one day dow.
3. Technology stocks were very weak, otherwise rally would have been more stronger.
4. Yesterday, here also Infosys was responsible for such a big fall in the markets.
5. But Bank Nifty traded with some strength.
6. So today when markets rise, Bank Nifty is likely to outperform.
7. Export-Import data from China has come better than expected.
8. Metal stocks are likely to do better due to good news from China.
9. Nifty future is likely to take support at yesterday's low.
10. Resistance will be at 6780.