Pre Market Report, July 14, 2014 | Stocks and Commodities

July 14, 2014
Time: 8.10 am

Pre Market Report:

1. US markets closed higher on Friday.
2. SO most Asian markets are up marginally.
3. Only Singapore is down marginally as Singapore GDP contracted.
4. SGX Nifty is trading almost flat.
5. But global cues are irrelevant today.
6. How FIIs are going to read the clarification regarding GAAR will influence the market movement.
7. IIP data which came on Friday after the markets closed was very positive.
8. Also WPI Inflation data to be declared around 12 noon is also likely to be positive.
9. But markets may not rise significantly as there will be selling at higher levels.
10. Nifty future should find support at 7420.
11. Nifty future should face resistance at 7580.
12. The range is so wide due to GAAR.