Mid Market Report, February 28, 2014 | Stocks and Commodities

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February 28, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading lower than expected.
2. Bank Nifty is dragging the markets down.
3. China currency is falling and that is a concern.
4. Europe is likely to open slightly positive.
5. US futures are slightly lower.
6. Indian rupee has depreciated a little bit.
7. Auro Pharma out of F&O ban and once again shot up by more than 4%.
8. Pharma index hit another record high.
9. India VIX is up by more than 4%.
10. Nifty future should settle down between 6280 and 6320.
11. Most of the time, our Friday prediction will go wrong.
12. Let us see what happens today.