July 9, 2014
Time: 8.45 am
Pre Market Report:
Time: 8.45 am
Pre Market Report:
- US markets also fell drastically.
- Asian markets are all down.
- But the downside will be limited here today.
- Short sellers will not be very active ahead of key event, Budget.
- Do not be surprised even if there is any bounce back due to short covering.
- US markets fell due to the fear of bad corporate earnings.
- The first company to declare results, Alcoa, declared a better than expected results after the markets closed.
- So even US markets are likely to stabilise today.
- Even European futures are trading slightly positive.
- Nifty future should take support at 7580.
- Resistance will be at 7680.
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