Mid Market Report, June 18, 2014 | Stocks and Commodities

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June 18, 2014
Time: 1 pm

Mid Market Report:

1. We could not bring Post Market Report yesterday as the internet was not working in my home yesterday.
2. Today morning we had some issues with our computers and we could not bring Pre Market Report also.
3. Yesterday the rise was just due to short covering.
4. Global cues were not really very good.
5. At the end of the day FIIs have bought only for Rs 48 crores.
6. DIIs have sold for Rs 237 crores.
7. Today morning just before pre market session, SGX Nifty was trading about 100 points lower.
8. So our markets have fallen suddendly by more than 100 points intraday.
9. Now Nifty is trading at yesterday's level.
10. Due to this big moves in both sides, VIX has shot up by more than 6%.
11. Ahead of the FOMC decision, traders will like to square off their trades.
12. We have to see where market closes today.