Mid Market Report, November 12, 2013 | Stocks and Commodities

November 12, 2013
Time: 12.15 pm

Mid Market Report:

1. Our markets are falling continuously for 6th day.
2. We reported earlier that we are expecting correction of 100 to 200 points in Nifty.
3. It has actually corrected more than 200 points.
4. Markets are trading at the support level.
5. So we do not advise any short at this time.
6. Markets are nervous due to Chinese economic agenda for the next decade, IIP and Inflation data and SBI results tomorrow.
7. Market will stabilize only tomorrow.
8. Europe is likely to open slightly positive.
9. Dow futures also trading slightly positive.
10. Nifty future should settle down above 6120 today.