Pre Market Report, July 1, 2014 | Stocks and Commodities

Sponsored by

July 1, 2014
Time: 8.30 am

Pre Market Report:

1. US markets ended mixed with DOW and S&P 500 falling and Nasdaq rising.
2. Japan is up by more than 1% and most other Asian markets are down marginally.
3. China Manufacturing PMI came at 51 which is a good sign.
4. SGX Nifty is trading at 7650 which is higher than the yesterday' high here.
5. That is a a bullish sign.
6. So Nifty future is likely to test 7680 today.
7. The real action is outside the index.
8. Power and Mid Cap. PSU Banks shot up yesterday.
9. The momentum is likely to continue today.
10. Nifty future will find support at 7620 and resistance will be at 7680.