June 8, 2015
Time: 8.45 am
Pre Market Report:
Time: 8.45 am
Pre Market Report:
- Greece did not pay its debt to IMF on Friday.
- US jobs data came very strong increasing the chances of Fed hike in near future.
- Monsoon has set in but its progress will be weak.
- FIIs have once again sold heavily on Friday.
- So nothing has changed from last week to this week.
- Last week fall is the worst fall in the last few years.
- Even after falling so much, there is huge delivery based selling in ICICI Bank and Tata Motors.
- Most Asian markets are down, China is swinging between positive and negative.
- But Export Import data that came from China was not bad.
- There are no big positive triggers for the markets in the near term.
- At the same time, most of the negatives seems to have been priced in.
- So markets may show choppiness in the near term.
- Nifty will try to break 8000 once again.
- There will be huge resistance around 8200.
- SGX Nifty is down by about 10 points.
- Nifty will try to take support at 8050 today.
- Resistance will be clearly at 8200.
- There will be some stock specific action in Nestle, Sun TV, Yes Bank, Wockhardt, etc.
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