Mid Market Report, June 12, 2014 | Stocks and Commodities

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June 12, 2014
Time: 1.50 pm

Mid Market Report:

1. Markets are trading firm.
2. This is surprising as both FIIs and DIIs have sold yesterday.
3. And global cues are also not good as most Asian markets are down.
4. Bank Nifty is out performing Nifty.
5. Europe has opened flat with positive bias.
6. IIP and Inflation data will be declared only at 5.30 pm, so markets will react to this data only tomorrow.
7. Infosys is down despite new CEO announcement.
8. We said that Nifty future will find resistance at 7680.
9. It touched a high of 7677 and then started correcting.
10. Markets are not likely to make significant moves ahead of IIP and Inflation data.