Mid Market Report, January 17, 2014 | Stocks and Commodities

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January 17, 2014
Time: 12.30 pm

Mid Market Report:

1.  We have reported yesterday evening that Nifty future might trend towards 6280.
2. That has haapened now.
3. But still we feel that there could be some positive surprise towards the end if FII continue their buying for third day.
4. As we have reported, it is banking stocks that is dragging the markets down.
5. Japan and Hong Kong recovered and trading in positive territory.
6. Most other Asian markets also recovered from thier lows.
7. It is only our market which is trading at day's low.
8. Europe is likely to open slightly higher which may lift sentiment here.
9. Anyway, predicting Friday afternoon trade is very difficult.
10. Results season is not up the expectation, TCS results came and shares fell, ITC results came, shares are flat.
11. Nifty future should take support around 6280.