Mid Market Report, February 4, 2014 | Stocks and Commodities

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February 4, 2014
Time: 1 pm

Mid Market Report

1. Our markets are trading as expected and the resistance came at 6000.
2. Our markets are out performing other Asian markets.
3. Our Rupee is also very stable compared to other emerging currencies.
4. For the first time, after a long time, Bank Nifty is out performing the Nifty.
5. There must be some value buying in PSU Banks.
6. FII selling, if any, will happen towards the end of the day.
7. If there is no FII selling today, then markets should stabilise somewhere here.
8. Again it depends on the global cues.
9. Japan stock market is the first stock market to fall more than 10% this year.
10. We have to see whether other markets also follow Japan or recover from here.