Pre Market Report, June 06, 2014 | Stocks and Commodities

Sponsored by

June 06, 2014
Time: 8.45 am

Pre Market Report:

1. Due to unavoidable circumstances, we could not bring 'Post Market Report' yesterday.
2. Yesterday FIIs have bought for Rs 1369 crores.
3. DIIs have sold for Rs 426 crores.
4. US markets once again closed at record high.
5. Action taken by ECB aided the US and European markets to close at record highs.
6. Now Asian markets are mostly higher.
7. SGX Nifty is also trading around 7520.
8. We said in the mid market report yesterday that Nifty will test the all time intraday high in the days to come.
9. That is likely to happen by today itself.
10. However profit booking is not ruled out in the second half of the session.
11. Nifty should take support at 7480.
12. Resistance will be at 7560.