Pre Market Report, September 9, 2014 | Stocks and Commodities

September 9, 2014
Time: 8.25 am

Pre Market Report:

1. US markets ended mixed with DOW and S&P 500 down and Nasdaq up.
2. US markets were volatile, but recovered major part of the loses in the last two hours of trading.
3. So most Asian markets are marginally up.
4. Crude is trading slightly above US$100.
5. As long as it is trading closer to US$100, there will be no threat to our market rally.
6. SGX Nifty is trading almost flat with positive bias.
7. Premium of Nifty future over Nifty has come down.
8. This shows that we are in the higher band of trading range.
9. Today's market movement will be dominated by the Supreme court news.
10. So markets are likely to be choppy within a range.
11. Nifty is expected to trade between 8160 and 8230.