Pre Market report, June 21, 2014 | Stocks and Commodities

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June 21, 2014
Time: 8.40 am

Pre Market report:

1. US markets ended mixed.
2. Iraq problem continues.
3. Asian markets are mixed.
4. SGX Nifty is trading slightly higher.
5. SGX Nifty is only indication of opening.
6. After that our speculators will do any thing possible.
7. Since last Friday our markets are making big moves on either direction in an unpredictable way.
8. That may likely to continue today.
9. Friday market will be difficult to predict as traders will like to square off their trades ahead of week end.
10. Nifty future should find support at 7520.
11. If that is broken then Nifty is likely to fall by 100 to 200 points.
12. On the upside, if there is any short covering, Nifty future can go up to 7620 which will be the resistance today.