Pre Market Report, August 6, 2014 | Stocks and Commodities

August 6, 2014
Time: 8 am

Pre Market Report:

1. US markets closed down.
2. Most Asian markets are down.
3. SGX Nifty is trading about 30 points lower.
4. This expiry will not be a block buster expiry.
5. Market expectation is that Nifty will trade between 7550 and 7850.
6. Individual stocks will be in focus as Q1 results keep pouring in.
7. As long as Brent Crude is trading lower, below $110, there will be no threat to our market.
8. Diesel deregulation and other policy announcements will make sure that our markets do not fall much from here.
9. 200 to 300 point corrections may come always and that has to be used as buying opportunity.
10. Today Nifty future is likely to trade between 7720 to 7800.