Pre Market Report, June 24, 2014 | Stocks and Commodities

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June 24, 2014
Time: 8.40

Pre Market Report:

1. US markets ended mixed.
2. Most Asian markets are up.
3. SGX Nifty is trading around 7530.
4. Continued selling by FIIs and Iraq problem are the two main concerns.
5. On the other side positive global cues is there.
6. So Nifty is oscillating in a range.
7. If Nifty future trades firmly above 7520, then we can expect Nifty to expire between 7580 and 7620.
8. Bank Nifty holds the cue.
9. If there is any short covering in Bank Nifty, then Nifty can go beyond 7620 also.
10. But markets are not going to move without volatility.
11. VIX is trading above 19 which is not good.