Pre Market Report, October 13, 2014 | Stocks and Commodities

October 13, 2014
Time: 8.50 am

Pre Market Report:

1. Most Asian markets are down.
2. SGX Nifty is also trading about 60 points lower.
3. China Export Import data came surprisingly positive.
4. Still no effect in stock markets.
5. China markets fell more than 1%.
6. Japan markets are closed today.
7. European markets are likely to open more than 1% down.
8. Brent crude is trading below US$90.
9. So everything looks negative.
10. So any up move may be used to sell.
11. IndusInd Bank results during the markets hours and Reliance results and Inflation data after the markets close are the key data to watch.
12. Nifty future is likely to trade between 7880 and 7900.
13. Below 7880, markets will fall to 7820.
14. That may not happen today.