Mid Market Report, June 9, 2014 | Stocks and Commodities

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June 9, 2014
Time: 2.10 pm

Mid Market Report:

1. Markets are trading firm.
2. As we have reported, Nifty future is finding resistance at 7680.
3. All sectoral indices are trading positive.
4. Europe has opened positive except energy and PSU Banks.
5. There was a profit booking selling at 11.45 am and that selling was bought into.
6. Small caps and mid caps are out performing.
7. VIX has shot up by more than more than 8%.
8. Realty index has shot up by nearly 6%.
9. Now the markets seems to be in the over bought situation.
10. Correction may come any time.
11. Or markets will consolidate for few more days.