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March 10, 2014Time: 12.45 pm
Mid Market Report:
- Markets are highly volatile.
- Volatility index has shot up by another 6% today.
- Nifty making big moves between 6500 and 6580, support and resistance we have mentioned in the morning.
- Positive news from US jobs data and strong FII buying supporting the markets.
- Ukraine problem and very bad export data from China limiting the gains in Nifty.
- Europe is likely to open flat with positive bias.
- US futures are trading lower.
- Banking stocks are still out performing.
- Infra stocks likely to follow.
- GMR Infra block deal of more than 1 crore happened after a very long time.
- Nifty future is likely to settle down between 6520 and 6580.
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