Mid Market Report, January 20, 2014 | Stocks and Commodities

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January 20, 2014
Time: 12.45 pm

Mid Market Report:

1. Nifty overshot our reported resistance of 6300 but cooled off.
2. But Asian markets are mixed.
3. Friday it was down, today it is up.
4. This whole week market is expected to trade this way.
5. TIme value will be in favour of option sellers.
6. VIX is slightly up.
7. Europe is likely to open flat with negative bias.
8. US markets are closed today.
9. Rupee is almost flat.
10. Nifty future is expected to close between 6280 and 6320.
11. If Nifty future closes higher than 6320, then it will touch 6380 in next one or two sessions.