Mid Market Report, October 18, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 18, 2013

Time: 1.00 pm

Mid Market Report:

1. Yesterday we have mentioned that don't be carried away bt this selling and it is DII selling and FIIs are buying in huge quantities.
2. Today our markets are firm.
3. Also VIX has come down below 20 indicating firm trend in the markets.
4. L&T results will have some impact in the markets.
5. European markets are trading positive.
6. Chinese GDP data came at 7.8% which was in line with estimates.
7. Dow futures trading positive.
8. Nifty is finding resistance at the previous high of 6142, once that is crossed decisively, it will quickly move to 6250, earlier high in May.
9. All those who have sold put options based on our recommendations are making good amount of profit.
10. Continue the same strategy.