Mid Market Report, February 13, 2014 | Stocks and Commodities

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February 13, 2014
Time: 1.15 pm

Mid Market Report:

1. Today's market movement is totally disappointing.
2. IIP data was better, Inflation was at two year low, FIIs bought, still markets fell.
3. It is the banking stocks dragging the markets.
4. All Asian markets are down except Singapore which is marginally up.
5. Europe is likey to open lower between 0.25% to 0.5%.
6. US futures are trading lower.
7. But Indian Rupee is trading well, not depreciating much.
8. Nifty future should take support at 6020.
9. Resistance will be at 6080.
10. There may be some short covering towards the end