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March 25, 2014Time: 12.45 pm
Mid Market Report:
- Markets are consolidating after a huge rise yesterday.
- As expected Oil & Gas sector is under performing.
- Banks are still doing well.
- Europe is likely to open positive.
- US futures are flat.
- Though Asian markets fell, they have recovered.
- There is a talk of stimulus from China.
- That is helping the Asian markets.
- In the second half, there may be some DII selling.
- Nifty future should consolidate between 6580 and 6620, before breaking out again.
Comments
Looking at today options activity and OI, I feel expiry could be anywhere between 6530-6580 ... Nifty can make high up to 6610/26 levels.
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