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

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February 21, 2014
Time: 12.50 pm

Mid Market Report:

1. Yesterday markets fell more than expected.
2. So traders thought FIIs are selling and went short.
3. Yesterday evening report showed that FIIs have actually bought.
4. US markets also rose.
5. So traders covered their shorts in the morning itself.
6. So Nifty future is trading closer to today's resistance level of 6160.
7. Europe is likely to open half a percent higher.
8. US futures are also trading positive.
9. Friday afternoon market is very difficult to predict.
10. We feel that Nifty future should settle between 6160 and 6180.