Pre Market Report, July 18, 2014 | Stocks and Commodities

July 18, 2014
Time: 8.10 am

Pre Market Report:

1. US markets fell and closed at the low point of the day as expected.
2. Malaysian plane was shot down by Ukraine rebels.
3. Actually it was an accident as they thought that this was Ukraine cargo plane.
4. But the consequences will be tough.
5. On the other side, TCS has declared very good results.
6. Reliance will declare results over the week end.
7. So the down side may be limited here.
8. SGX Nifty is trading around 7620.
9. Nifty future should take support at 7580.
10. Resistance will be at 7680.