Mid Market Report, September 24, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

September 24, 2013
Time: 1 pm

Mid Market Report:

1. Yesterday FII selling was only 90 crores despite such a big fall.
2. So today those who went short decided to cover the shorts.
3. In our morning report we have mentioned this.
4. European market opened positive that is adding to sentiment.
5. So for near term, at least until expiry, today's low will not be breached.
6. US markets also kept falling for the last few days and S&P 500 trading at support level.

Recommendation:

1. Sell Bank Nifty 9800 Put option trading at Rs 38.
2. Sell Nifty 5800 Put option trading at Rs 12.