Pre Market Report, August 4, 2014 | Stocks and Commodities

August 4, 2014
Time: 8.30 am

Pre Market Report:

1. Most Asian markets are trading positive.
2. SGX Nifty is trading around 7665.
3. This is nearly 45 points higher than Friday's close here.
4. Portugal govt. bailing out its bank is a positive news.
5. European and US futures are also trading positive.
6. Other than this Portugal news, there are no other market moving news.
7. Crude oil trading lower is a positive for India.
8. Monsoon reviving is another big boost.
9. In two months time, Diesel may be deregulated.
10. When that happens, surely Nifty will cross 8000.
11. For today, Nifty future should take support at 7720.
12. Resistance will be at 7810.