Mid Market Report, March 27, 2014 | Stocks and Commodities

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March 27, 2014
Time: 12.45 pm

Mid Market Report:

1. Markets are trading as expected.
2. Markets are testing the previous high again.
3. Banking stocks are shooting up.
4. New banking license announcement likely on Monday.
5. That is keeping all banking related stocks buzzing.
6. As usual in a rising market, Pharma and IT are under performing.
7. Europe will be opening lower.
8. There may be some volatility after 1.30 pm.
9. But markets will not fall much as there will be buying at lower lwvwls.
10. So Nifty is likely to expire between 6620 and 6660, if there are no violent movements in the last one hour.