Pre Market Report, June 11, 2014 | Stocks and Commodities

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June 11, 2014
Time: 7.45 am


Pre Market Report:

1. US markets closed once at record high.
2. This is the fourth consecutive record high for US markets.
3. Asian markets are also trading mostly positive.
4. SGX Nifty is also trading slightly higher.
5. Complete recovery from day's low yesterday, continued buying by FIIs and positive global cues all will make sure that correction, if any, will not be ddep.
6. Markets may consolidate around this level.
7. Ahead of IIP and Inflation data, traders may not like to increase the positions.
8. So markets may not make significant moves today.
9. We expect Nifty to trade plus or minus 30 points.
10. Banking stocks may out perform today.