Mid Market Report, May 30, 2014 | Stocks and Commodities

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May 30, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading weak.
2. Right now, though Nifty is trading almost falt, Bank Nifty is down by more than a percent.
3. Banks are weak ahead of RBI policy on next Tuesday.
4. Europe has opened lower and that is having some effect here.
5. But those markets were rising every day and we were falling every day in the last few days.
6. Friday afternoon markets will be difficult to predict.
7. Since the markets continued to fall in the last four days, there should be some short covering towards the end of the day.
8. We will see what happens by the end of the day.