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

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June 12, 2014
Time: 8.30 am

Pre Market Report:

1. US markets closed down after rising for four consecutive days.
2. Most Asian markets are down.
3. SGX Nifty is however marginally up.
4. But IIP data and Inflation data will influence the market trend in the afternoon.
5. Bank Nifty will react more to Inflation data.
6. Other sectors will be influenced by IIP data.
7. IIP data was disappointing last month.
8. This month it is expected to be positive. 
9. Markets are likely to be volatile.
10. Nifty future may find support at 7580 and resistance will be at 7680.