Mid Market Report, April 10, 2014 | Stocks and Commodities

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April 10, 2014
Time: 1.30 pm

Mid Market Report:

1. Markets are consolidating after a huge rise yesterday.
2. This is expected as usually markets tend to consolidate for few days before breaking out again.
3. Also the markets rose vertically.
4. The rally may be under pressure in the region of 6900 to 7000.
5. All the defensives are down (IT, Pharma and FMCG)
6. Markets are firmly in the bull grip.
7. This is the time one has to be catious.
8. Europe has opened up.
9. So sentiment is still good here.
10. There may be some selling towards the end by DIIs.
11. No change in our view about Nifty for today.