Mid Market Report, October 11, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 11, 2013

Time: 12 Noon

Mid Market Report:

1. Markets are moving as expected.
2. We reported yesterday in the mid market report that there is some progress in US Debt talk and as a result Dow futures were trading close to 100 points up.
3. Yet our market did not go up much because of previous day's out performance and Infy results uncertainty.
4. Today as expected Nifty trading above 6100.
5. Europe will open positive.
6. There may be some profit booking by DIIs towards the end of the day.

Recommendation:

1. Those who sold Infy put and call would have made huge profit.
2. Monday is the result for Reliance.
3. So sell Reliance 920 Call option at Rs 8.25 and 800 Put option at Rs 6.