Pre Market Report, July 16, 2014 | Stocks and Commodities

July 16, 2014
Time: 8.30 am

Pre Market Report:

1. We could not bring any report yesterday.
2. I am going thorough some transition and I may need another one or two weeks to settle down.
3. Yesterday, RBI announced some good measures to both housing and Infra sector.
4. That was very good for banking sector.
5. Housing loan up to 50 lakhs in major cities and upto 40 lakhs in other cities are eligible for priority lending.
6. There will be no CRR and SLR for Infra bonds issued by Banks.
7. So Bank Nifty shot up nearly 400 points.
8. Today the uptrend is likely to continue.
9. Next resistance for Nifty future will be 7580.
10. Support will be at 7520.