Mid Market Report, February 11, 2014 | Stocks and Commodities

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February 11, 2014
Time: 3 pm

Mid Market Report:

1. Markets are trading in a narrow range.
2. Europe has opened positive.
3. US future are also positive.
4. As expected Tata Motors opened about 5% higher and then profit booking came.
5. Bank Nifty is still not turning bullish.
6. Pharma index touched all time high today.
7. Auro Pharma is doing well and it is likely to come out of "Ban" today.
8. Fed Chairman Janet Yellen's testimony will decide the market tomorrow.
9. Nifty future is expected to close flat.
10. But one good thing is that so far there has been no basket selling.