Pre Market Report, June 8, 2015 | Stocks and Commodities

June 8, 2015
Time: 8.45 am

Pre Market Report:

1. Greece did not pay its debt to IMF on Friday.
2. US jobs data came very strong increasing the chances of Fed hike in near future.
3. Monsoon has set in but its progress will be weak.
4. FIIs have once again sold heavily on Friday.
5. So nothing has changed from last week to this week.
6. Last week fall is the worst fall in the last few years.
7. Even after falling so much, there is huge delivery based selling in ICICI Bank and Tata Motors.
8. Most Asian markets are down, China is swinging between positive and negative.
9. But Export Import data that came from China was not bad.
10. There are no big positive triggers for the markets in the near term.
11. At the same time, most of the negatives seems to have been priced in.
12. So markets may show choppiness in the near term.
13. Nifty will try to break 8000 once again.
14. There will be huge resistance around 8200.
15. SGX Nifty is down by about 10 points.
16. Nifty will try to take support at 8050 today.
17. Resistance will be clearly at 8200.
18. There will be some stock specific action in Nestle, Sun TV, Yes Bank, Wockhardt, etc.