Mid Market Report, March 4, 2014 | Stocks and Commodities

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March 4, 2014
Time: 12.45 pm

Mid Market Report:

1. Markets are trading better than expected.
2. Nifty crossed yesterday's high.
3. Around 11.30, there was a news report that Russia ordered all its troops to go back to their bases, so Nifty shot up by 40 points within few minutes.
4. Europe futures are up by more than half a percent.
5. US futures are also up, Dow future is up by more than 100 points.
6. Bank Nifty is up nearly by 2% due to short covering.
7. All sectoral indices are up.
8. Now the resistance will be at 6320.
9. If that is crossed next resiatance will be at 6380.
10. There are multiple resistances between 6300 and 6420.