Pre Market Report, July 8, 2014 | Stocks and Commodities

July 8, 2014
Time: 7.45 am

Pre Market Report:

1. We could not bring "Post Market Report" yesterday.
2. FII buying slowed down.
3. DII selling also slowed down.
4. As the target of 7800 is reached, Nifty future is finding some resistance.
5. The difference between spot and future was around 40 points day before yesterday which came down to 10 points in yesterday's trade.
6. This shows the resistance and profit booking at higher levels.
7. US markets ended marginally lower.
8. Most Asian markets are down marginally.
9. Here everything depends upon Railway budget.
10. If Nifty future trades firmly above 7820, then next target will be 8000.
11. Nifty future should find support at yesterday's low of 7760.
12. Resistance will be at 7840.