Mid Market Report, June 16, 2014 | Stocks and Commodities

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June 16, 2014
Time: 1 pm

Mid Market Report:

1. We could not bring Pre Market Report today morning.
2. But we mentioned yesterday that the reaction was a knee jerk reaction.
3. Today markets are stabilising.
4. But negative bias continues as the recent report says rebels have captured north west town in Iraq.
5. Oil price continue to rise due this news.
6. Europe has opened lower that will add pressure in the afternoon.
7. But markets are not falling in one way, they are very volatile.
8. VIX is again up today.
9. Only IT and FMCG indices are up.
10. If there is no further escalation in the Iraq conflict, markets should stabilise around this area.