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June 30, 2014
Time: 8.30 am
Pre Market Report:
- On Friday US markets traded negative for most part of the day but ended positive.
- Most Asian markets are up marginally.
- SGX Nifty is also trading positive by 5 to 10 points.
- There are no market moving news.
- Ahead of PMI data and auto sales data, markets are likely to trade sideways.
- Nifty is likely to trade plus or minus 30 points today.
- Support is at 7520.
- Resistance will be at 7580.
- Overall set up is bearish now as defensives are out performing.
- So we have to wait for few more days for action.
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