Pre Market Report, August 8, 2014 | Stocks and Commodities

August 8, 2014
Time: 8.35 am

Pre Market Report:

1. US markets were down.
2. Most Asian markets are down.
3. SGX Nifty is down by 90 points.
4. US President authorised air strikes in Iraq and that is the reason for all markets coming down.
5. European futures are down nearly 1% down.
6. US futures are also down by 0.5%.
7. Panic will grip the markets in the first few minutes.
8. But anytime, DIIs may come in and markets will not be going down one way.
9. It is going to be choppy.
10. SBI results will add to the volatility.
11. Nifty future should take support at 7580.
12. Resistance will be at 7700.
13. Friday afternoon trade will be difficult to predict, as I always say.