Pre Market Report, September 4, 2014 | Stocks and Commodities

September 4, 2014
Time: 8.40 am

Pre Market Report:

1. Markets rose significantly in the last few days.
2. So markets have to consolidate for few days.
3. Today markets are expected to consolidate.
4. The indication came yesterday from Bank Nifty as Bank Nifty cosed in Red while Nifty closed in Green.
5. SGX Nifty is trading about 25 points lower.
6. Traders are not likely to add long positions ahead of ECB meeting in Europe and ADP Non Farm Payroll data from US.
7. Nifty future is likely to trade between 8080 and 8180.
8. Crude oil trading lower will limit the downside for our market.
9. Global markets are also consolidating.
10. There seems to be no bad news around.
11. So markets will consolidate, will not fall significantly.
12. Any intraday fall should be used as buying opportunity.