Pre Market Report, September 3, 2014 | Stocks and Commodities

September 3, 2014
Time: 9 am

Pre Market Report:

1. US markets ended mixed with Dow and S&P 500 down and Nasdaq up.
2. Asian markets are all marginally up.
3. SGX Nifty is up by 10 points.
4. Crude oil continued to fall closer to $100.
5. Breach of $100 on the downside will boost the sentiment in Indian stock markets further.
6. Markets are likely to be firm as global cues are good and FII buying in cash market is significantly higher.
7. Nifty future should take support at 8080.
8. Resistance will be at 8160.
9. For the rest of the week Nifty future is likely to trade between 8000 and 8200.
10. If crude oil falls below $100, then Nifty future will breach 8200.