Pre Market Report, October 28, 2014 | Stocks and Commodities

October 28, 2014
Time: 8.45 am

Pre Market Report:

1. After volatile trade, US markets ended mixed.
2. Asian markets are also mixed.
3. SGX Nifty is trading higher at around 8020.
4. Yesterday both FIIs and DIIs were on buy side, global cues are not bad.
5. Banking stocks are doing very well.
6. So Nifty is likely to consolidate with positive bias.
7. Nifty is likely to find support at 7980.
8. It will face resistance at 8060.
9. Volatility likely to fall.
10. Ranbaxy will declare results today. There are no other key companies to declare results today.