Mid Market Report 2, August 29, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

August 29, 2013
Time: 12.15 pm

Mid Market Report 2:

1. US futures turned slightly positive from slightly negative.
2. European futures also the same.
3. As of now short covering scenario is working, Nifty moving towards 5380.
4. Please keep strict stop losses as expiry day can spring surprises either side.  
5. Bank Nifty is still not going up, if that goes up Nifty can cross 5400 also. Bank Nifty still trading 100 points lower from the day's high.
6. By this time those who have sold 5200P and 5400C should have sold 5300 Put also.
7. Exit 5400 Call if Nifty future crosses 5380, and exit 5300 Put also. Can leave 5200 Put open.