Mid Market Report, May 20, 2014 | Stocks and Commodities

Sponsored by

May 20, 2014
Time: 1 pm

Mid Market Report:

1. Markets are consolidating in the expected range.
2. Yesterday's beaten doen sectors are recovering.
3. Sectors that rose yesterday coming under profit booking.
4. Nifty is up and Bank Nifty is down.
5. Modi taking oath has been shifted to Saturday.
6. Earlier he was expected to take oath tomorrow.
7. So key portfolio announcements, particularly Finance Portfolio, will delayed by few days.
8. That is why profit booking has set in in Banking stocks.
9. Europe has opened positive.
10. Since there are no key economic data, only news flow from political front will drive the markets.
11. Nifty future is expected to close between 7280 and 7320.