Pre Market Report, July 24, 2014 | Stocks and Commodities

July 24, 2014
Time: 8.30 am

Pre Market  Report:

1. US markets ended mixed.
2. Most Asian markets are up.
3. China Manufacturing PMI data came at 18 months high.
4. That is lifting sentiment across Asia.
5. But SGX Nifty is trading 15 to 20 points down.
6. This is because, yesterday SGX Nifty traded above 7800 and when the markets opened here, selling came and Nifty future fell below 7750.
7. So now SGX Nifty is trading cautious.
8. Markets are likely to consolidate as there are no major Q1 results today.
9. Tomorrow, bank Nifty will be in focus as a number of banks announcing Q1 results.
10. Today Nifty future should trade between 7760 and 7840.