Mid Market Report, January 22, 2014 | Stocks and Commodities

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January 22, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading as expected.
2. Chinese market is up by over 1%.
3. Most Asian markets are trading firmly.
4. Europe is likely to open positive.
5. Market is waiting for L&T and HDFC results.
6. As we have reported earlier in the morning, though Nifty traded lower in the morning, it has recovered and trading higher now.
7. Nifty future can rise further from here.
8. IMF has increased growth forecast for India and the world.
9. Crude oil is not flaring up.
10. So all these are good for India.
11. Nifty future is expected to trade between 6300 and 6360 for the remaining part of the session.