Mid Market Report, January 21, 2014 | Stocks and Commodities

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January 21, 2014
Time: 1.15 pm

Mid Market Report:

1. Markets are trading as expected.
2. Yesterday most Asian markets fell but our markets did very well.
3. Today most Asian markets are doing well, ours is not performing well.
4. Europe is likely to open positive.
5. Dow futures are also trading positive.
6. Bank Nifty is doing well today.
7. Speculative positions will build up in Bank Nifty ahead of RBI policy next Tuesday.
8. Nifty is expected to trade between 6300 and 6360.
9. But positive bias is expected due to China liquidity measures.
10. Tomorrow L&T and HDFC will declare results.
11. If those results are good and US markets rise tonight, then Nifty may inch towards 6380 by tomorrow.