Pre Market Report, July 22, 2014 | Stocks and Commodities

July 22, 2014
Time: 7.45 am

Pre Market Report:

1. US markets fell drastically in the first half and recovered more than 50% of the loss by the end of the day.
2. SO the sentiment has turned positive in Asia.
3. Most Asian markets are up.
4. SGX Nifty is trading about 30 points higher.
5. Bank Nifty after rising nearly 200 points, came down and closed flat yesterday.
6. But today's market will choppy as Axis Bank declares results.
7. If Nifty future trades firmly above 7720, then the next target will be 7780.
8. I expect Nifty to cross all time high of 7808 by this week or next week.
9. Today Nifty future should take support at yesterday's low of 7675.
10. Resistance will be at 7740.