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

P R Sundar, Aditya Trading Solutions

August 29, 2013
Time: 11.15 am

Mid Market Report:

1. Nifty is moving as expected between 5250 and 5350.
2. Those who sold 5200 Put and 5400 Call can hold on until the end of the day.
3. If there is any short covering, then Nifty will expire around 5380.
4. On the other hand, if there is any cash based selling by FIIs, Nifty will expire between 5280 and 5320.
5. As expected, Volatility index is also falling.
6. Rupee is trading as expected.
7. European markets are likely to open flat with negative bias.