Mid Market Report, March 11, 2014 | Stocks and Commodities

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March 11, 2014
Time: 1 pm

Mid Market Report:

1. Markets are consolidating as expected.
2. For the first time in the lest many days, VIX is down by 2%.
3. Export data was slightly disappointing.
4. Next trigger will be IIP data and CPI Inflation data to be declared tomorrow evening at 5.30 pm.
5. Europe is likely to open positive.
6. US futures are almost flat.
7. Except IT index all other indices are negative.
8. Metal stocks fell more than 2.5% due to China concerns.
9. Broader markets are out performing.
10. Rupee is trading stronger.
11. No change in our views about Nifty future, support at 6520 and resistance at 6580.