Mid Market Report, June 23, 2014 | Stocks and Commodities

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June 23, 2014
Time: 1.45 pm

Mid Market Report:

1. Markets are trading weak.
2. We reported in the morning that our markets are not following SGX Nifty for the last many days.
3. It is happening today also.
4. Surprisingly Bank Nifty is out performing Nifty.
5. It was opposite for the last many days.
6. European futures were trading positive before markets opened there.
7. But after opening, Europe is trading firmly negative.
8. That is also affecting the sentiment here.
9. Bank Nifty is also highly volatile within a range.
10. If there is no short covering by the end of the day then Nifty is likely to fall drastically.
11. Nifty is likely to fall at least 100 points before the expiry, if there is no short covering today.