Mid Market Report, June 13, 2014 | Stocks and Commodities

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June 13, 2014
Time: 1 pm

Mid Market Report:

1. Markets are trading weak.
2. Oil price spike up and Iraq problem are the main concerns.
3. We thought those things will affect our markets marginally as to counter these two we had two other good news in terms of IIP, Inflation data and FII buy figure.
4. In fact these things affected Asian markets only marginally.
5. But our markets have fallen significantly.
6. Bank Nifty has fallen almost 500 points from intraday high.
7. All sectoral indices are down.
8. But as we always say, Friday afternoon trade will be very difficult to predict.
9. Nifty future should close above 7600 in order to be positive in the short term.
10. We will see where it closes today.