September 3, 2014
Time: 9 am
Pre Market Report:
Time: 9 am
Pre Market Report:
- US markets ended mixed with Dow and S&P 500 down and Nasdaq up.
- Asian markets are all marginally up.
- SGX Nifty is up by 10 points.
- Crude oil continued to fall closer to $100.
- Breach of $100 on the downside will boost the sentiment in Indian stock markets further.
- Markets are likely to be firm as global cues are good and FII buying in cash market is significantly higher.
- Nifty future should take support at 8080.
- Resistance will be at 8160.
- For the rest of the week Nifty future is likely to trade between 8000 and 8200.
- If crude oil falls below $100, then Nifty future will breach 8200.
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