Mid market Report, October 22, 2013 | Stocks and Commodities

P R Sundar, Aditya Trading Solutions

October 22, 2013
Time: 1 pm

Mid Market Report:

1. Markets are moving sideways as we have expected in the morning.
2. Also Bank Nifty is out performing Nifty as we have have expected in the morning.
3. Those who have done pair trade with Nifty and Bank Nifty should be enjoying decent profit.
4. Europe is trading flat ahead of US Payrolls data.
5. Payroll data will decide the movement of our market tomorrow.
6. If Payrolls data is not good, then our market will cross 6250 tomorrow.
7. Crude trading lower is good for India.
8. Markets are expected to trade sideways until the end of the day, there may be 20 to 30 points up move towards the end if Nifty continues to trade closer to 6200 until 3 pm.