Pre Market Report, October 27, 2014 | Stocks and Commodities

October 27, 2014
Time: 8.45 am

Pre Market Report:

1. Most Asian markets are up.
2. Hong Kong and China are down due to local factors.
3. Europe futures are also trading higher.
4. Most European banks passed 'stress test' and that is positive for European markets.
5. SGX Nifty is trading around 8050.
6. With no major news flow, except HUL results, markets are not likely to make big moves.
7. Nifty future is likely to take support at 8020.
8. Resistance will be at 6080.
9. This is a narrow range of 60 points.
10. As long as Nifty future does not break 6080 today, Nifty is likely to expire between 7900 and 8100 by Thursday.