Pre Market Report, September 12, 2014 | Stocks and Commodities

September 12, 2014
Time: 8.25 am

Pre Market Report:

1. US markets traded negative for most part of the day.
2. But ended mixed with DOW down and S&P 500 and Nasdaq up.
3. Most Asian markets are down.
4. Everyone is focusing on Fed meeting next week.
5. After breaking out on last Tuesday, our markets have been consolidation for the last 7 trading sessions.
6. The way things look, today also it is going to be the same.
7. This kind of long consolidation is not good.
8. This means probability of market going down is very high after the consolidation.
9. So the next week trade will be very important to decide the long medium term movement of our markets.
10. Today, being Friday, there will be some surprises in market movement.
11. Nifty future can move anywhere between 8060 and 8200.