Pre Market Report, September 2, 2014 | Stocks and Commodities

September 2, 2014
Time: 8.40 am

Pre Market Report:

1. Asian markets are trading flat.
2. US markets were closed yesterday.
3. SGX Nifty is trading about 20 points lower.
4. Our GDP data dominated markets, not so good PMI data from China, India were ignored.
5. Core sector growth was also not good.
6. So our market will open with negative bias, but towards the end markets may turn to positive bias.
7. Europe is likely to open slightly positive and US futures are also trading positive.
8. Auto sector and cement sector will continue to do well.
9. Nifty is likely to consolidate between 8000 and 8200 this week.
10. Today Nifty future will take support at 8020.
11. Resistance will be at 8100.