Mid Market Report, May 7, 2014 | Stocks and Commodities

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May 7, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading lower.
2. Nifty future is respecting our support level of 6700.
3. Europe has opened about 0.5% lower.
4. Ukraine problem is escalating again.
5. IT index has fallen more than 2%.
6. Banks are doing well.
7. In fact Bank Nifty is trading positive when Nifty is down by 0.5%.
8. Pharma sector is doing extremely well due to expectation of good results from Lupin.
9. US futures are also down.
10. Wild swing is not expected as VIX is trading lower.