Pre Market Report, August 14, 2014 | Stocks and Commodities

August 14, 2014
Time: 8.15 am

Pre Market Report:

1. US markets closed in Green.
2. Asian markets are up.
3. SGX Nifty is trading about 20 points higher.
4. Yesterday both FIIs and DIIs have bought.
5. Global cues are good.
6. So there may be a positive momentum today.
7. Also yesterday, a number shares fell by more than 5%.
8. There may be some recovery in those shares.
9. Nifty future is likely to test 7780 in the morning.
10. But afternoon trade will be difficult to predict.
11. Ahead of long week end, traders are likely to square off their trades.
12. As the markets were choppy in the last three days, we do not know whether traders are net long or net short.
13. So be prepared for another day of choppiness.
14. Nifty future is likely to trade between 7720 and 7800.