Pre Market Report, August 21, 2014 | Stocks and Commodities

August 21, 2014
Time: 8.40 am

Pre Market Report:

1. US markets ended mixed, DOW and S&P 500 were up and Nasdaq was down.
2. Most Asian markets are down.
3. This mainly due to disappointing Manufacturing Index data from China.
4. SGX Nifty started at 7911, but fell after China data.
5. Now SGX Nifty is trading almost flat at 7885.
6. As I have mentioned earlier, our markets are likely to consolidate.
7. The consolidation range may be 7850 to 7925.
8. If Nifty crosses 7925, then within a short time, it will touch 8000.
9. Today Nifty future is expected to trade between 7850 to 7920.