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

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May 15, 2014
Time: 12.30 pm

Mid Market Report:

1. Markets are consolidating for the third day.
2. But that is not going to be the case tomorrow.
3. Though markets are consolidating, Nifty movement was considerable.
4. Nifty moved 40 points up, then fell more than 70 points, now recovering and trading almost flat.
5. Tomorrow action will be in the afternoon when the election trend is clear.
6. Bank of India came out with bad results.
7. India VIX is up by more than 10%.
8. But India VIX future is up only by 2.4%.
9. So the market expects cooling down of VIX by tomorrow evening.
10. Europe is likely to open flat with negative bias.