Pre Market Report, June 13, 2014 | Stocks and Commodities

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June 13, 2014
Time: 9 am

Pre Market Report:

1. US markets fell for second day due to Iraq tension.
2. Dow fell by more than 100 points for two consecutive sessions.
3. Most Asian markets are down.
4. But China and Hong Kong are up surprisingly.
5. SGX Nifty is slightly up.
6. Positive IIP and Inflation data are good for markets.
7. But global cues are not good today.
8. In the last four days markets were making big two way movements.
9. So it will be difficult to say whether traders are net long or short.
10. So today afternoon trade will be interesting.
11. Nifty is likely to trade between 7640 and 7720 in the first half.
12. Last one to two hours, it will be difficult topredict.