Pre Market Report, July 28, 2014 | Stocks and Commodities

July 28, 2014
Time: 8.15 am

Pre Market Report:

1. US markets closed lower on Friday.
2. So SGX Nifty opened lower.
3. But Asian markets are trading higher.
4. After a very long time, China markets are trading about 1.35% higher.
5. So SGX Nifty has turned positive after China markets opened.
6. Now SGX Nifty is trading at 7800.
7. BOB, L&T, HUL results will influence the trend today.
8. I expect the Nifty future to trade between 7760 to 7840 today.
9. I expect Nifty to settle down between 7720 and 7880 by expiry.
10. Due to expiry, markets will be volatile.