Mid Market Report, March 10, 2014 | Stocks and Commodities

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March 10, 2014
Time: 12.45 pm

Mid Market Report:

1. Markets are highly volatile.
2. Volatility index has shot up by another 6% today.
3. Nifty making big moves between 6500 and 6580, support and resistance we have mentioned in the morning.
4. Positive news from US jobs data and strong FII buying supporting the markets.
5. Ukraine problem and very bad export data from China limiting the gains in Nifty.
6. Europe is likely to open flat with positive bias.
7. US futures are trading lower.
8. Banking stocks are still out performing.
9. Infra stocks likely to follow.
10. GMR Infra block deal of more than 1 crore happened after a very long time.
11. Nifty future is likely to settle down between 6520 and 6580.