Mid Market Report, June 30, 2014 | Stocks and Commodities

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June 30, 2014
Time: 12.50 pm

Mid Market Report:

1. Markets move was totally surprising.
2. Global markets are almost flat.
3. No major news flow.
4. Yet markets rose more than 1% within few minutes of opening.
5. And holding on to the gain until now.
6. This is classical example for markets making moves when nobody expects.
7. This could be the beginning of pre budget rally.
8. We said Nifty is likely to move 200 to 300 points before budget.
9. Almost one third of that move has happened by today itself.
10. Europe has opened marginally positive.
11. Next target for Nifty future is 6680.