Mid Market report, January 2, 2014 | Stocks and Commodities

Sponsored by

January 2, 2014
Time: 1.45 pm

Mid Market report:

1. Nifty future shot up beyond 6389, the recent high.
2. But then cooled down and trading below 6380, the resistance we mentioned in the morning.
3. Asian markets are mixed as PMI data from China was not good.
4. Core sector growth in India as well as PMI data from India also were not good.
5. Despite the bad news, Nifty future is trading firmly.
6. If Nifty future close firmly above 6380, then next target will be 6420 and then 6480.
7. Nifty future has the potential to reach the zone of 6480 - 6500.
8. Europe is likely to open flat with positive bias.