Pre Market Report, June 30, 2014 | Stocks and Commodities

Sponsored by

June 30, 2014
Time: 8.30 am

Pre Market Report:

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