Mid Market Report, December 16, 2013 | Stocks and Commodities

Sponsored by

December 16, 2013
Time: 1 pm

Mid Market Report:

1. Markets are trading as expected.
2. Inflation data came higher than expected.
3. Yet markets did not fall much as every fall will be used by shortsellers to square up their positions due to key events ahead.
4. That will happen when 4 or 5 consecutive days markets fall.
5. There must be some technical bounce before falling again.
6. But that technical bounce has not come, except some intraday bounce of 15 to 20 points.
7. Europe futures were trading positive in the morning.
8. But now they are trading half a percent lower.
9. US futures also turned negative.
10. As we have reported in the morning, Nifty future is expected to trade between 6160 and 6220.