Pre Market Report, June 9, 2015 | Stocks and Commodities

June 9, 2015
Time: 8.30 am

Pre Market Report:

1. US and European markets closed in Red.
2. Though there was no panic, markets all over the world are falling due to Greece issue and US Fed hike fear.
3. Our markets also closed at the year's low yesterday.
4. Today Nifty is likely to open below yesterday's low.
5. People are shorting whenever there is any intraday recovery.
6. But below 8000, DIIs may buy heavily.
7. If LIC enters the market, then the downfall will be limited.
8. There are no stock specific bad news today.
9. In fact there are some minor positive news related to banks.
10. Nifty may break 8000 in the morning panic but may stabilise later on. 
11. Nifty future may find support at 7980.
12. It may find resistance around 8080.