Mid Market Report, March 26, 2014 | Stocks and Commodities

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March 26, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading as expected.
2. Banking stocks are doing extremely well.
3. Bank Nifty future crossed 12600, from the low of 10611 on March 3.
4. This is about 20% within 17 trading sessions.
5. Europe is likely to open higher.
6. Nifty future is firmly trading above 6620.
7. Cyclicals doing well and defensives taking back seat, Pharma stocks are falling.
8. In the bottom 10 stocks, 4 stocks are from Pharma.
9. There is no change in oue view about Nifty today.
10. Nifty future should settle down between 6580 and 6660.