Pre Market Report, August 7, 2014 | Stocks and Commodities

August 7, 2014
Time: 8.25 am

Pre Market Report:

1. US markets closed almost flat.
2. Mos Asian markets are down.
3. Ukraine problem is dominating the world markets.
4. SGX Nifty is trading at 7670, down by about 25 points.
5. The fall here may not be severe as both FIIs and DIIs were on buy side yesterday.
6. Also recently, DIIs are buying heavily whenever there is a correction.
7. Bank Nifty looks more weaker than Nifty.
8. Tomorrow, SBI will declare results.
9. So there is a possibility that people will square off their positions in SBI counter.
10. Usually SBI is a top traded counter in options.
11. Today Nifty should take support at 7640.
12. Resistance will at 7720.