Pre Market Report, July 2, 2014 | Stocks and Commodities

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July 2, 2014
Time: 8.45 am

Pre Market Report:

1. US markets closed firmly in the green.
2. Asian markets are up.
3. SGX Nifty is trading above 7700 which is another all time high.
4. We reported over the week end that Pre Budget Rally will start but we do not know when.
5. It is happening already.
6. Our markets rose yesterday despite bad news on fiscal deficit.
7. Day before yesterday, it was the day of PSU Banks and Power stoks
8. Yesterday, it was the day of Auto Stocks.
9. Today, we do not know which sector.
10. If it is private sector banks, then Bank Nifty will move higher.
11. Nifty is crossing all time high today, but Bank Nifty is nearly 300 points below all time high.
12. Nifty future target is 7800 before budget.
13. Let us see what happens today.