Mid Market Report, April 15, 2014 | Stocks and Commodities

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April 15, 2014
Time: 12.30 pm

Mid Market Report:

1. Infy results were ok type, shares did not even rise by 4%, the rise in ADR.
2. Banking stocks fell, may be due to FII sell figure on Friday.
3. All sectoral indices are down except IT.
4. Due to bad data from China, all emerging markets are down.
5. China, it is economic problem, Russia, it Ukraine problem.
6. WPI inflation data came at 5.7% against the expectation of 5.3%.
7. So this is one of the reasons for banking stocks fall.
8. Today evening, CPI inflation data will be declared.
9. VIX has shot up once again.
10. But there are signs of VIX cooling down in the days to come. This is evident from VIX future prices.
11. Europe is likely to open positive.
12. Nifty future should take support at 6720.
13. Resistance will be at 6800.