Pre Market Report, July 14, 2015 | Stocks and Commodities

July 14, 2015
Time: 8.40 am

Pre Market Report:

1. Yesterday I said Nifty future will face resistance at 8420.
2. But around 12.15 pm, the news came that Greece debt deal was done successfully.
3. All the markets shot up.
4. Then came very good results from IndusInd Bank, then Bank Nifty future crossed 19000 after a long time.
5. US markets closed higher as expected.
6. Asian markets are trading firm.
7. But the CPI Inflation data that came yesterday evening was not good.
8. So Banking stocks may correct slightly.
9. SGX Nifty is trading almost flat due to the CPI data.
10. There are no more key results due this week.
11. Today WPI data is an important data to watch.
12. Markets may consolidate for a day or two after huge run up yesterday.
13. Nifty is likely to face resistance at 8520.
14. Support will be at 8460.