Pre Market Report, September, 11, 2014 | Stocks and Commodities

September, 11, 2014
Time: 9 am

Pre Market Report:

1  1. US markets closed in Green.

2  2. Most Asian markets are marginally up.

3  3. China market is really picking up the momentum.

4  4. SGX Nifty, however trading marginally lower.

    5.  This is due to selling by both FIIs and DIIs yesterday.

6  6. But the markets may not fall much from the current level.

7  7. Crude oil traded below US$98 yesterday night.

8  8. Now it is trading slightly above US$98.That is a very good news for India.

1  9. Also Banking stocks were resilient in yesterday’s weak market.

1  10.  So Nifty future should take support at 8080 not only today, also tomorrow.

1  11.  The resistance will be at 8180 today.

1  12.   Markets will consolidate for few more sessions before breaking out again.