Mid Market Report, August 30, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

August 30, 2013
Time: 11 am

Mid Market Report

1. Market expected to bring some surprise, that is why no intraday calls were given in the morning.
2. Dow futures is firmly trading in positive territory.
3. Europen markets are likely to open flat with positive bias.
4. By now, Nifty completely retraced its entire fall of Monday and Tuesday. Today being Friday and Monday being holiday for US markets, short sellers will cover the shorts by the end of the day, if there is any more short left.
5. Friday afternoon always bring surprises.
6. All the recommendations given in the morning are trading with profit.

Caution: Do not go short as the market has gone up. We will not be surprised if Nifty crosses 5500 by the end of the day.

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