Mid Market Report, May 2, 2014 | Stocks and Commodities

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May 2, 2014
Time: 1.15 pm

Mid Market Report:

1. Nifty future went close to 6780 and then retraced.
2. VIX has gone up.
3. VIX is likely to continue to rise during the next one week.
4. Metal stocks continue to fall.
5. PSU Banks are down while Private Sector Banks are up.
6. Europe has opened almost flat with positive bias.
7. Auto stocks are down due to poor monthly sales figures.
8. US futures are almost flat.
9. Volume is so low, any small buying or selling, markets will swing.
10. No change in our view about Nifty future.