Mid Market Report, May 28, 2014 | Stocks and Commodities

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May 28, 2014
Time: 1 pm

Mid Market Report:

1. Markets are consolidating.
2. Nifty and Bank Nifty both are almost flat.
3. Asian markets all trading at one year high.
4. Europe has opened slightly down.
5. VIX has falen by more than 3%.
6. PSU Banks are under performing.
7. Some short covering is expected either towards the end of the day or tomorrow.
8. Since markets are flat since morning, towards the end of the day some significant move is expected on either side.
9. If Nifty future crosses 7340, then 7380 will be the target.
10. Let us see what happens at the end of the day.