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

P R Sundar, Aditya Trading Solutions

October 24, 2013
Time:

Mid Market Report:

1. We have been writing that FII flows is so strong and the markets will move higher after one or two days of consolidation.
2. That has been proved.
3. Now the resistance for cash Nifty is at 5250 and once that is crossed Nifty will test all time high of 6357 sometimes next week.
4. Any major correction is possible only after Deepavali.
5. Our markets are out performing other Asian markets.
6. Many Asian markets are trading lower.
7. Europe is likely to open half a percent higher.
8. Dow futures trading higher.
9. Those who have sold Put options are sitting with huge profits.
10. Continue to hold Put options of strike 6000 and below as expiry will be above 6000.