Pre Market Report, October 7, 2014 | Stocks and Commodities

October 7, 2014
Time: 8.25 am

Pre Market Report:

1. US markets ended negative marginally.
2. Asian markets are mixed.
3. Hong Kong and Japan markets started negative and then recovered to trade positive now.
4. SGX Nifty is trading in a range of 7920 to 7940.
5. Nifty future should take support at 7900 today.
6. Ahead of IIP data and Infosys results, Nifty is likely to trade in a range.
7. People also expect good results from Infosys.
8. Crude and Gold trading lower will make medium term investors to be bullish.
9. Most people fel that Nifty should take support at 7850 even for medium term.
10. Next week markets will be guided by corporate results.
11. Today Nifty is likely to trade between 7900 and 8000.
12. Europe is also likely to open slightly positive in the afternoon.