Pre Market Report, August 25, 2014 | Stocks and Commodities

August 25, 2014
Time: 7.40 am

Pre Market Report:

1. Asian markets are almost flat.
2. SGX Nifty is trading at 7916.
3. This is around 15 points lower than Friday's close.
4. It is important to remember that Nifty shot up by 15 points in the last few minutes on Friday.
5. So if you remove that 5 minutes, then now SGX Nifty is also almost flat.
6. Nifty will touch 8000 when nobody expect this.
7. It may happen anytime this week.
8. Markets will be volatile ahead of expiry.
9. Nifty should take support at 7880.
10. Resistance will be at 7940.
11. If that is crossed, Nifty future will touch 8000 within minutes.